Plans for a $15 million overhaul of Stadium Boulevard between Interstate 70 and West Broadway have been stalled for at least another 30 days.
City Manager Ray Beck announced Friday that because the city wanted to take a closer look at the transportation development district sought by real estate developer Raul Walters to pay for improvements along Stadium Boulevard, it had asked the Boone County Circuit Court for an additional 30 days to discuss and respond to Walters’ proposal.
Walters wants to form a district out of five of his properties along Stadium Boulevard, a move that would allow him to impose up to a 1 percent sales tax on any commercial transactions conducted on those properties, which include Crossroads West, Stadium Plaza, the former Kmart shopping center, Ruby Tuesday and Taco Bell. The revenue generated from this tax would be used to improve Stadium Boulevard as well as adjacent side streets, including Bernadette Drive and Ash and Worley streets.
While city officials agree that Stadium Boulevard is in need of repair, Walters’ idea of using a transportation development district to do so has caused some concern. Beck said he wanted some assurance that Walters will actually carry out the proposed improvements once the sales tax has been implemented. As it is, the city isn’t sure what would stop Walters from being able to impose the tax and then not complete all of the improvements he said he would.
Other questions arise from the Missouri Department of Transportation’s involvement in the project. Because Stadium Boulevard is a state road, the department is a necessary party in the legal action filed by Walters to form the district. The department answered Walter’s petition last week and offered no objections to the proposal.
Beck said there’s some concern that the use of a transportation development district to fund improvements to Stadium Boulevard might compel the department to allocate its resources elsewhere.
“We need to make sure we’re getting our fair share of MoDOT money,” Beck said.
City officials plan to discuss the concerns tonight during a pre-council meeting at 6 p.m. There, a summary sheet will be circulated that describes how transportation development districts work and what advantages and disadvantages they offer to they city.
The council meets at 7 p.m. on the fourth floor of the Daniel Boone Building, 701 E. Broadway.
Other items on the agenda include:
- Authorize an agreement between the UM Curators and Fire in the Sky/KMIZ-TV to fund the annual Fourth of July celebration.
- Approve the plans for a Hilton Garden Inn at CenterState Crossings. The Planning and Zoning Commission voted unanimously to recommend approval of the four-story, 152-room hotel.
- Authorize an agreement with R.W. Beck, an engineering consulting firm, to review the Peabody Prairie States Energy Project.
- Authorize improvements to Stephens Lake Park.
— Sadie Gurman contributed to this story.