Student Housing Proposal Has Developers Paying for Infrastructure

3 years 2 weeks 1 day ago March 12, 2014 Mar 12, 2014 Wednesday, March 12 2014 Wednesday, March 12, 2014 1:49:00 PM CDT in News
By: Devon Fasbinder, KOMU 8 Reporter
loading

COLUMBIA - Just weeks after the Columbia City Council voted down the Tax Increment Financing (TIF) district idea that would pay for electric and sewer infrastructure, the council held a special meeting Wednesday to introduce the idea of three new student apartment projects near the University of Missouri campus.

Columbia Properties II, LLC, Opus Development Company, LLC and ACC OP Development, LLC want to build student housing that would total around 1,300 beds near campus. City leaders said the companies are willing to foot the bill for infrastructure.

"These three housing proposals require a substantial increase in infrastructure that we currently don't have," said Columbia Mayor Bob McDavid. "So the proponents of this have come together and have offered to offer a substantial increase in what we normally ask of builders. They're going to help fund this."

The development agreement with Columbia Properties II, LLC includes property on the south side of Conley Avenue, between Fourth Street and Fifth Street. The agreement with Opus Development Company, LLC concerns property on the north side of Locust Street between Seventh and Eighth Street. The agreement with ACC OP Development, LLC includes property on both the northeast corner of Providence Road and Turner Avenue and also the northwest corner of Turner Avenue and Fifth Street.

The first project to begin would be on the south side of Conley Avenue and the goal is to open that complex in the fall of 2015. McDavid said the developers aren't all in the same place with regard to progress. He said the Turner Avenue project right now is in the process of getting zoning approval.

The city is holding public comment sessions, as required, at two separate times. The first is Monday, March 17 and the second will be Wednesday, March 19. Some involved are concerned that city staff scheduled the two meetings with public comment for the same week and that the process is moving too quickly.

"I'm somewhat concerned and I've heard a lot from my constituents who are now really starting to get engaged what the nature of this compression into one week was," said 3rd Ward Councilman Karl Skala. "I want to know how this came about and why it's absolutely necessary."

McDavid said the contractors have an April 1 deadline for financing reasons and if the council doesn't help them meet that, the contractors will take their business elsewhere. While Skala said he understands that, he thinks some of the bank agreements creating the deadline could be negotiated.

Columbia resident Tracy Greever-Rice isn't happy with the quick time frame of the meetings either.

"The city staff has taken the route of using a very arcane, rarely used governmental mechanism to really, really compress the time period that the process takes place so that there's a great deal of limitation on public input into it and that's always a problem" Greever-Rice said.

McDavid said he doesn't see this as a quick process because the contractors have been in discussion with the city for months now.

More News

Grid
List
JEFFERSON CITY, Mo. (AP) — Missouri Republican Gov. Eric Greitens is signing a bill to change the standard for vetting... More >>
11 minutes ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 7:26:00 PM CDT in News
COLUMBIA - An expansion joint on the I-70 Rocheport Missouri River Bridge popped up Monday causing multiple flat tires, according... More >>
1 hour ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 6:27:00 PM CDT in News
JEFFERSON CITY - With the second half of the 2017 Missouri legislative session officially underway as of Monday, here is... More >>
1 hour ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 6:10:00 PM CDT in Continuous News
JEFFERSON CITY, Mo. (AP) — Missouri House members are trying to ban local lobbyists from giving gifts to elected officials,... More >>
1 hour ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 5:51:00 PM CDT in News
KANSAS CITY, Mo. (AP) — Authorities said two people have been found dead inside a Kansas City home after a... More >>
1 hour ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 5:40:00 PM CDT in News
GRANT CITY - Ranching can be a rough-and-tumble job. For Missouri farmer Sheila Hunt, it got even harder after she... More >>
2 hours ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 5:37:02 PM CDT in News
GASCONADE COUNTY - Human remains recovered by divers last Wednesday have been identified as James H. Holt Jr. Holt,... More >>
3 hours ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 4:23:00 PM CDT in News
COOPER COUNTY, Mo. - A man was charged Monday with multiple crimes related to three robberies. Dallas Franklin, 21,... More >>
3 hours ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 3:45:00 PM CDT in News
COLUMBIA Updated 4:40 p.m. - Police have charged a second man in connection to last week's fatal shooting on Madison... More >>
4 hours ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 2:59:00 PM CDT in News
COLUMBIA - Some Missouri groups want to reinstate mandatory country-of-origin labeling (COOL) for meat products following a sanitation scandal involving... More >>
6 hours ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 1:26:00 PM CDT in News
KANSAS CITY, Mo . (AP) — Students at a Kansas City-area high school are being evacuated as authorities investigate a... More >>
7 hours ago March 27, 2017 Mar 27, 2017 Monday, March 27 2017 Monday, March 27, 2017 11:43:48 AM CDT in News
COLUMBIA - A Columbia man was arrested Sunday evening on suspicion of first-degree burglary. CPD officers were dispatched to... More >>
21 hours ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 10:28:00 PM CDT in Top Stories
COLUMBIA - Columbia police arrested a man Sunday morning after he allegedly shot multiple rounds from his gun near the... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 7:25:00 PM CDT in Top Stories
COLUMBIA - The Columbia Police Department said a second victim in a Sunday shooting on I-70 Drive NW is dead.... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 4:18:00 PM CDT in Top Stories
COLUMBIA - During his time as athletic director at the University of Missouri Mike Alden oversaw a little bit of... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 2:35:00 PM CDT in Sports
ST. LOUIS (AP) — About 1,000 of St. Louis' delinquent properties are expected to face the wrecking ball to create... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 1:13:10 PM CDT in News
OZARK, Mo . (AP) — A southwestern Missouri man is accused of sexual misconduct involving a teenager who investigators say... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 12:20:00 PM CDT in Continuous News
FORSYTH, Mo . (AP) — Authorities said a southern Missouri man told investigators he was either sleepwalking or dreaming when... More >>
1 day ago March 26, 2017 Mar 26, 2017 Sunday, March 26 2017 Sunday, March 26, 2017 10:25:00 AM CDT in News
Columbia, MO
Broken Clouds 54°
8pm 53°
9pm 51°
10pm 50°
11pm 50°

Select a station to view its upcoming schedule:

Coming Up Next

7:00p
The Voice
9:01p
Taken
10:00p
KOMU 8 News @ 10
7:00p
Supergirl
8:00p
Jane the Virgin
9:00p
KOMU 8 News @ Nine on The CW

Tonight's Schedule

7:00p
The Voice
9:01p
Taken
7:00p
Supergirl
8:00p
Jane the Virgin
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld