Funding Downtown Columbia Developments

3 years 10 months 5 days ago Wednesday, March 12 2014 Mar 12, 2014 Wednesday, March 12, 2014 10:44:00 AM CDT March 12, 2014 in News
By: Ben Wilson, KOMU 8 Reporter
loading

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
PULASKI COUNTY - Firefighters are investigating a fire that left one person dead Monday night. The fire happened at... More >>
29 minutes ago Tuesday, January 16 2018 Jan 16, 2018 Tuesday, January 16, 2018 11:09:00 AM CST January 16, 2018 in News
LINCOLN — A man has been arrested in a deadly shooting at a west-central Missouri mobile home park. ... More >>
4 hours ago Tuesday, January 16 2018 Jan 16, 2018 Tuesday, January 16, 2018 7:18:00 AM CST January 16, 2018 in News
PULASKI COUNTY - The Pulaski County Sheriff's Department identified the victims of last Thursday's quadruple shooting that killed two and... More >>
13 hours ago Monday, January 15 2018 Jan 15, 2018 Monday, January 15, 2018 10:26:00 PM CST January 15, 2018 in News
COLUMBIA - Nineteen restaurants in downtown Columbia created special lunch and dinner menus for customers to order from for the... More >>
14 hours ago Monday, January 15 2018 Jan 15, 2018 Monday, January 15, 2018 8:59:00 PM CST January 15, 2018 in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens is delaying a planned tour to talk about his tax change... More >>
15 hours ago Monday, January 15 2018 Jan 15, 2018 Monday, January 15, 2018 7:53:00 PM CST January 15, 2018 in News
COLUMBIA – Columbia Public Schools are closed Tuesday and one local business is hoping they will be able to capitalize... More >>
15 hours ago Monday, January 15 2018 Jan 15, 2018 Monday, January 15, 2018 7:44:00 PM CST January 15, 2018 in News
JEFFERSON CITY - People of all backgrounds filled the seats in the bottom of SSM Health St. Mary's Hospital to... More >>
18 hours ago Monday, January 15 2018 Jan 15, 2018 Monday, January 15, 2018 4:46:00 PM CST January 15, 2018 in News
COLUMBIA - Columbia's NAACP chapter hosted their annual 24th Martin Luther King, Jr. Day memorial program. The theme for... More >>
19 hours ago Monday, January 15 2018 Jan 15, 2018 Monday, January 15, 2018 4:08:00 PM CST January 15, 2018 in News
COLUMBIA - Columbia Police say a man robbed the Best Buy on Worley Street and then held a customer and... More >>
22 hours ago Monday, January 15 2018 Jan 15, 2018 Monday, January 15, 2018 1:10:16 PM CST January 15, 2018 in News
COLUMBIA - Dozens of drivers have slid off the road in central Missouri and the highway patrol says many of... More >>
22 hours ago Monday, January 15 2018 Jan 15, 2018 Monday, January 15, 2018 1:02:00 PM CST January 15, 2018 in News
SEDALIA (AP) — Sedalia police have identified person(s) of interest and are following leads in the investigation of Heather... More >>
23 hours ago Monday, January 15 2018 Jan 15, 2018 Monday, January 15, 2018 11:41:00 AM CST January 15, 2018 in Top Stories
COLUMBIA - Columbia Police said Tuesday the suspects in a robbery at Hyvee on Nifong Boulevard also stole items from... More >>
1 day ago Monday, January 15 2018 Jan 15, 2018 Monday, January 15, 2018 11:18:00 AM CST January 15, 2018 in News
COLUMBIA - The NAACP will sponsor a walk in remembrance of Martin Luther King Jr.'s birthday on Monday. The... More >>
1 day ago Sunday, January 14 2018 Jan 14, 2018 Sunday, January 14, 2018 9:30:00 PM CST January 14, 2018 in News
JEFFERSON CITY - People from all around the world come together to celebrate Dr. Martin Luther King, Jr Day. Not... More >>
1 day ago Sunday, January 14 2018 Jan 14, 2018 Sunday, January 14, 2018 9:00:00 PM CST January 14, 2018 in News
COLUMBIA – Over 100 people gathered for an event entitled “Critical Conversations in Troubled Times” at Second Missionary Baptist Church... More >>
1 day ago Sunday, January 14 2018 Jan 14, 2018 Sunday, January 14, 2018 8:41:00 PM CST January 14, 2018 in News
COLUMBIA - Columbia Public Works is preparing for overnight snow fall Monday with an 8-person plow crew.... More >>
1 day ago Sunday, January 14 2018 Jan 14, 2018 Sunday, January 14, 2018 7:01:00 PM CST January 14, 2018 in Top Stories
ASHLAND - The city of Ashland has grown from a small town of just 429 people to a bustling city... More >>
1 day ago Sunday, January 14 2018 Jan 14, 2018 Sunday, January 14, 2018 4:24:00 PM CST January 14, 2018 in News
COLUMBIA - More than 500 future brides filled the Holiday Inn Executive Center on Sunday to attend the Super Wedding... More >>
1 day ago Sunday, January 14 2018 Jan 14, 2018 Sunday, January 14, 2018 1:38:00 PM CST January 14, 2018 in News
Columbia, MO
Broken Clouds
12pm
1pm
2pm
3pm 12°

Select a station to view its upcoming schedule:

Coming Up Next

11:00a
Rachael Ray
12:00p
KOMU 8 News @ Noon
12:30p
Inside Edition
11:00a
Jerry Springer
12:00p
Jerry Springer
1:00p
Maury

Tonight's Schedule

7:00p
Ellen's Game of Games
8:00p
This Is Us
9:01p
Chicago Med
7:00p
The Flash
8:00p
Black Lightning
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld