Politics & Government
Ellisville Mayor, Candidate Break Down TIF Aimed at Walmart
Ellisville Mayor Matt Pirrello and mayoral candidate Adam Paul discuss the proposal meant to draw a Walmart into the city's east end on a recent appearance on KMOX NewsRadio.
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 .
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The Ellisville City Council as soon as its March 21 meeting.
To hear the complete interview on KMOX NewsRadio, click here.
Find out what's happening in Ballwin-Ellisvillewith free, real-time updates from Patch.
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