Appearing on a St. Louis-based news radio program, Ellisville mayoral candidate Adam Paul and Mayor Matt Pirrello discussed a measure meant to attract a Walmart development into the city.
By using a TIF or tax increment financing, the City would allow Walmart’s developers to retain half of the newly-created sales tax dollars generated on the site.
Pirrello, who is leaving his executive seat and running for a council position, recently said the project would create valuable sales tax revenue for the city; Ellisville city staff familiar with the project, which would be developed under the Sansone Group, said it would annually generate about $500,000.
The Ellisville City Council could vote on that measure as soon as its March 21 meeting.
To hear the complete interview on KMOX NewsRadio, click here.