Columbia City Council approves Crosscreek apartment complex

Monday, May 7, 2012 | 11:16 p.m. CDT; updated 9:43 a.m. CDT, Tuesday, May 8, 2012

*This story has been corrected to reflect that the City Council approved a revised Crosscreek development plan, rather than rezoning, to allow student apartments on the property. Also, BRS Properties requested planned commercial zoning for its Smiley Lane land.

COLUMBIA — The City Council voted unanimously Monday to support a development plan for the Crosscreek Center that calls for an upscale student apartment complex.*

The council approved an amendment that was a revised plan for a complex proposed by Houston-based developer Asset Plus. The lot was originally proposed in 2008 to be used for a car dealership.

The apartment complex, which will be called "The Domain," will have 228-units within eight buildings on 23 acres. There will be a total of 654 bedrooms, said Community Development Director Tim Teddy.

Traffic concerns were raised at the March 7 Planning and Zoning Commission meeting, and Sixth Ward Councilwoman Barbara Hoppe brought up those concerns at Monday’s council meeting. Hoppe’s specific concern was accidents at the exit of U.S. 63 off East Stadium Boulevard between Audubon Drive and U.S. 63.

She said she is hoping for a reduced speed limit. Teddy said there is an ongoing discussion on how to take care of that problem.

A recent study of the Crosscreek property predicted that the complex will generate less traffic than the parking lot would have, according to a previous Missourian article.

The Planning and Zoning Commission approved the development plan for Crosscreek apartments on April 5.

In other council action:

  • A Civil Group, on behalf of BRS Properties*, requested voluntary annexation of property on the north side of Smiley Lane. The owners requested C-P, or planned commercial, zoning for the property.* The land in question is part of a property within city limits as well as land in Boone County. The Planning and Zoning Commission will hear the request May 10 at their regular meeting.
  • The Pinball Co. request for property on the north side of West Green Meadows Road to be rezoned from residential to planned commercial for retail use was pulled by Jay Gebhardt on behalf of Nic and Brooke Parks. More than 10 people trickled out after it became clear that discussion on the issue was no longer on the agenda. Mayor Bob McDavid said that dropping the request so close to the meeting was "not respectful." The Planning and Zoning Commission had denied the zoning request on April 5.
  • Council approved a request for a plan to rehabilitate the taxiway at Columbia Regional Airport. The request also called for bids through the Purchasing Division, according to meeting materials.
  • The council also authorized the construction of street improvements to Forum Boulevard. These include widening the street and adding a traffic lane from Katy Lane to the bridge over Hinkson Creek. The traffic lane would accommodate left-turn movements from Forum Boulevard into the Victoria Park driveway and MKT driveway.
  • Money that went unused for snow removal during this year's balmy winter was directed to two Public Works projects. The council approved spending an estimated $100,000 to upgrade Sunset Lane in the Fourth Ward following stormwater and sewer renovations this summer. It also approved spending an estimated $150,000 to replace a storm sewer at Ash Street and Hubbell Drive near the under-development Brookside apartments. These projects were approved after seeking public input during town hall meetings earlier this year.

Missourian reporter Kip Hill contributed to this report.

Supervising editor is Scott Swafford.

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Kevin Gamble May 8, 2012 | 7:29 a.m.

Really? Another massive, prime parcel of Columbia land being handed over to a Texas development company to build another gargantuan student-housing project? Is there a coordinated effort to sell off as much prime real estate to Texas-based groups as possible, and for the same lifeless, generic results? I'm surprised no one else seems to be commenting on this pattern.

(Report Comment)
Daniel Jordan May 8, 2012 | 8:54 a.m.

Kevin, for us in the Shepard Boulevard Neighborhood, this is a significant trade-up. We're not asleep--you may remember the resistance to the last plan. We've seen the plans and researched the developer.

(Report Comment)
Kevin Gamble May 8, 2012 | 10:50 a.m.

Daniel, I didn't mean to imply that anyone in the local neighborhood was asleep. I agree that this is an upgrade from the terrible original plans - assuming this isn't the first step in a series of worse plans. What I'm talking about is more of a city-wide pattern, and I'm questioning the value this brings to the town. Massive developments in key areas, all pouring immense traffic into already-burdened roads. I'm sure some people - many of them in Texas, it seems - think this is a great thing. I don't.

(Report Comment)
Jimmy Bearfield May 8, 2012 | 12:31 p.m.

When there's a proposal to put high-density student housing within walking distance of campuses, people complain: When there's a proposal to put high-density student housing on the edge of town by two major roads, people complain.

(Report Comment)
Richard Saunders May 8, 2012 | 12:57 p.m.


This is driven by the same crime that caused the stock market and housing bubbles, counterfeiting by the Not-Federal, Not-Reserve in the form of backstopping student loan guarantees.

The same crime (in a slightly different flavor) is happening in the only other visible growing industry in Columbia, car lots. Notice how everyone wants to give you a car loan at low, low rates these days? (also, notice all of the repos in the bank/CU parking lot?)

Now, one might think this is a foolish business practice given the depreciation on new autos can hardly be offset by these low rates earned on loans. Yet like I said, everyone is offering them. How?

Once again, the Not-Federal, Not-Reserve owns most of Ally Financial, which is responsible for providing the credit.

I find it telling that right now at this very instant, Dr. Ron Paul is holding a hearing on reforming/eliminating this private banking cartel that destroys our economy, and MU's own Professor Peter Klein is testifying on the destructive nature of the Not-Federal, Not-Reserve System, yet it goes wholly unreported here.

Everything I've described can be summed up in a single word, "malinvestment." Simply put, it's what happens when "free money" is inserted into the economy in one place, creating a vacuum of scarcity where it should've went (as determined by individuals spending to meet their own needs).

Regardless of the designs of the central planners, we live (and will always live) in a world of scarcity. When these scarce resources are used to create ever more waste (did I mention that every car lot is now over-flowing due to channel stuffing? (in order to make sales figures look better for Government Motors, et al.)) it eliminates the opportunity to have better utilized them where actually needed.

This will end though, as eventually, we'll run out of seed corn to eat. What happens next? Well, I'll leave up to the reader to decide.

(Report Comment)
Richard Saunders May 8, 2012 | 1:09 p.m.

Funny, I just went to read the testimony of Professor Klein and found the very thing I discussed.

"After the dot-com crash the Fed turned on the printing presses, in-creasing the monetary base by 5.6% in 2001, 8.7% in 2002, and 6.3% in 2003, while MZM rose by 15.7%, 13.0%, and 7.3% during those years. Greenspan slashed the federal funds rate from 6.5% in January 2001 to 1% by June 2003, keeping it at 1% until late 2004, a level not seen since 1954. This infusion of credit led to overinvestment in housing and other capital-intensive industries, aided by federal government policies designed to increase the rate of home ownership by relaxing underwriting standards."

Notice his mention of "capital-intensive industries." Now, think of how much waste there is in an unneeded auto plant, for instance, that should never have been built, but was anyway, due to easy-money and tax incentives given under the guise of job growth.

(Report Comment)
Daniel Jordan May 8, 2012 | 10:36 p.m.

Kevin, I appreciate your clarification. There are indeed some extremely unimaginative designs out there (meaning around town) and some management horror stories from these private dorms, too. And, though all development means more traffic, traffic was the neighbors' chief reservation. An adequate shuttle service will go a long way to easing the burden and is a must in this increasingly competitive business.

(Report Comment)

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