Funding Downtown Columbia Developments

2 years 1 month 2 weeks ago March 12, 2014 Mar 12, 2014 Wednesday, March 12 2014 Wednesday, March 12, 2014 10:44:00 AM CDT in News
By: Ben Wilson, KOMU 8 Reporter

COLUMBIA - The Columbia City Council held a special meeting Wednesday to introduce three separate proposals involving downtown housing developments.

Of the three proposals in place, developers for two of them would provide all the money needed to fund the project.

But for the largest one, at Fifth Street and Turner Avenue, the city would be responsible for all electric funding.  This would take place as long as the developer, ACC Development, finishes the project in an agreed upon time frame.

The city council is looking for new ways to fund city sewage improvements after rejecting last month's TIF proposal.  But several members, including Ward 3 councilman Karl Skala, have questions about the proposals.

"In the context of what their developments are, for example the 300 thousand dollar contribution, is a 730 bed residential facility. That's a relatively small amount of money to help with public-private infrastructure," Skala said.

Deputy City Manager Tony St. Romaine did not know exactly how much the electrical portion of the project would cost, but said it would most likely fall between 600 and 800 thousand dollars.

 

More News

Grid
List
ST. LOUIS (AP) — Ameren Missouri is proposing two voluntary programs that would require customers' to support more solar power.... More >>
24 minutes ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 1:57:48 PM CDT in News
NEW MELLE (AP) — A university that owned the two-century-old house in suburban St. Louis that once was famed frontiersman... More >>
2 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 12:15:17 PM CDT in News
COLUMBIA (AP) — An interim diversity officer at the Un iversity of Missouri will be returning to the university's School... More >>
2 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 12:10:03 PM CDT in News
JEFFERSON CITY (AP) — Missouri's Republican-led Legislature is weighing a number of tax breaks for businesses as the session wraps... More >>
2 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 12:06:09 PM CDT in News
BALLWIN (AP) — The Latest on Missouri's congressional district Republican conventions (all times local): 4:45 p.m. Donald Trump has... More >>
2 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 11:59:00 AM CDT in News
ST. LOUIS — After a month of food donations, Missouri Farm Bureau Insurance will announce the total weight of its... More >>
5 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 8:59:00 AM CDT in News
COLUMBIA — The Boone County Sheriff's Department, Columbia Police Department and Jefferson City Police Department collected unused or unwanted prescription... More >>
17 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 8:28:00 PM CDT in News
SPRINGFIELD (AP) — A 28-year-old Springfield man has been sentenced to two life terms for fatally stabbing a rural southwest... More >>
21 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 4:23:26 PM CDT in Continuous News
COLUMBIA — Safe Kids Columbia unveiled its new Safe Kids Mobile Education Unit Saturday. Children also learned about safety while... More >>
22 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 4:20:00 PM CDT in News
COLUMBIA — Boone Hospital gave community members a chance to receive a variety of free cancer screenings at their 3rd... More >>
22 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:54:00 PM CDT in News
BOONE COUNTY — A woman was hospitalized after crashing her car on Highway 63 Saturday afternoon. According to the... More >>
22 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:49:00 PM CDT in News
CHICAGO - The NFL Draft has called and Mizzou answered. Today three former Missouri Tigers were selected in the... More >>
22 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:23:00 PM CDT in Top Stories
JEFFERSON CITY — The Missouri Junior Golf Foundation opened the Ken Lanning Golf Center Saturday morning. The golf course... More >>
23 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:20:00 PM CDT in News
COLUMBIA — Hundreds of mid-Missourians gathered at Bass Pro Shops Lake Saturday morning for the fifth annual "Float Your Boat... More >>
23 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 2:41:00 PM CDT in News
JEFFERSON CITY (AP) — There are two weeks left for the Missouri Legislature to pass bills, and some Democrats are... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 1:27:24 PM CDT in News
COLUMBIA — The Missouri State Highway Patrol (MSHP) said Saturday a man who they arrested on Wednesday has died. ... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 8:53:00 AM CDT in News
MEXICO — Parents, teachers and potential foster parents are taking the opportunity to offer their kids a better life by... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 6:15:00 AM CDT in News
BALLWIN (AP) — Republicans are choosing 40 of the 57 Missouri delegates to their national convention and many may not... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 5:56:00 AM CDT in News
Columbia, MO
Broken Clouds 65°
3pm 65°
4pm 65°
5pm 64°
6pm 63°

Select a station to view its upcoming schedule:

Coming Up Next

2:00p
2016 NHL Stanley Cup Playoffs
5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
2:00p
Rookie Blue
3:00p
Rookie Blue
4:00p
Made in Hollywood

Tonight's Schedule

7:00p
Little Big Shots
8:01p
The Carmichael Show
8:30p
Crowded
9:00p
Dateline NBC
7:00p
A History of Violence
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Cougar Town