The I44/US 63 Redevelopment Area consists of 22.2 acres of land located in close proximity to the I-44/US 63 Sharp Road intersection within northeast Rolla, Missouri. The boundaries of the Redevelopment Area are shown on the Plate 1 see attached Redevelopment Area/Boundary Map. There are two Redevelopment Project Areas RPA,s within the overall Project Area. RPA 1 comprises 8.2 acres and is the location of the Kohls Department store. RPA 1 required extensive site improvements to make the project feasible, warranting public financial assistance. RPA 2 contains 9.3 acres, excluding 4.7 acres set aside for public use, and is used as a storage yard for the Citys animal shelter building and road upgrade materials.
The Redevelopment Project is intended to remove certain physical conditions that might qualify the area as blighted in order to facilitate economic development and physical revitalization of RPA 1 and 2. The Redevelopment Plan is composed of strategies to reduce or eliminate blighting conditions and support construction of a 55, 000 sq. ft. Kohls store to be located within the RPA 1, requiring extensive site work and improvements. RPA 2 is expected to support retail or mixed use like the Lowes Home Center store.
Fully-Operational
Blight
Project had unusual/extraordinary costs that made the project financially unfeasible in the market place.