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Springfield Plaza TIF

Section 1: Description of the Plan and Project
Springfield
Springfield Plaza TIF
1/1/2013 to 12/1/2013
Matt D. Schaefer
City of Springfield, Missouri
417-864-1094
Springfield Plaza Real Estate, Inc.
Thomas B. Rankin, President
417-887-8826
5/1/2013
26231
133
30
Republic R-3
The Springfield Plaza TIF Redevelopment Area consists of approximately 96 acres generally located near the southwest corner of the intersection of West Sunshine Street and South West Bypass.
The Redevelopment Plan proposes to redevelop the Area into a 432,500 square foot retail and office mixed-use development. TIF revenues will be used to fund approximately 9.58 million of public improvements in and around the Redevelopment Area. Such improvements include, but are not limited to road and intersection improvements, new public streets, storm water facilities, sanitary sewers, and utilities.
Starting-Up
Blight
Project had unusual/extraordinary costs that made the project financially unfeasible in the market place. Project required significant public infrastructure investment to remedy existing inadequate conditions. Project required significant public infrastructure investment to construct adequate capacity to support the project.
0
0
0
Name Address Phone Number New or Relocated? Rel. from What City/County
None
0
0
0
0
Section 2: Tax Increment Financing Revenues
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$8,734,000.00
$0.00
$250,000.00
$595,016.00
$0.00
$9,579,016.00
$78,454,016.00
Pay-as-you-go
18
18
$214,780.00
$0.00
$14,686,843.00
$0.00
$0.00
$682,900.00
$609,075.00
50%
18
75%
18