Columbia business owners anticipate Business Loop 70 upgrades

3 years 7 months 3 weeks ago Saturday, February 28 2015 Feb 28, 2015 Saturday, February 28, 2015 10:36:00 AM CST February 28, 2015 in News
By: James Packard, KOMU 8 Reporter

COLUMBIA - A group of professionals along Business Loop 70 are hoping a new sales tax increase will raise the funds they need to improve the area.

A group of business leaders in the area submitted a petition in December that is scheduled to be discussed at Monday's city council meeting.

The petition asks the city to create a Community Improvement District (CID) along Business Loop.

Jack Miller, President of True Media, said Saturday he expects the CID to be approved in April.

The goal of the potential improvements is to provide environmental enhancements to the area "such as burying power lines, improving landscaping/lighting etc.," Miller said in an email.

Miller also said the CID would create "a comprehensive development plan to increase the overall business economy on the loop and attract new infrastructure and companies."

The area of improvement includes 74 different property owners, of which 50 percent have to sign the petition, in order for city council to create the CID. Owners of more than 50 percent of the total value of the area also have to be in favor of the petition. Both criteria have been satisfied.

Business owners have proposed a half-cent sales tax increase if the CID is created, which Miller said would raise $250,000 to $300,000 a year. He said it would be up to the city CID board to determine actual funding sources and time lines, as well as planned improvements. 

Miller said the rise in sales tax for the area would not put businesses at a disadvantage, and make the sales tax more similar to surrounding business districts.

The petition proposes a potential board of directors for the improvement district, a detailed description of desired improvements and a budget through 2019 for improvements.

The city has scheduled discussion of the improvements for its council meeting on March 2. It anticipates to hold a public hearing on the improvements on April 6. After the hearing, the city council will consider an ordinance to approve the upgrades and establish the CID.

More News

Grid
List
HERMANN - One person was killed in a crash involving a trolley, the Missouri State Highway Patrol said. Sgt.... More >>
4 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 6:16:00 PM CDT October 20, 2018 in News
(CNN) -- President Donald Trump announced Saturday that the US is pulling out of the landmark Intermediate-Range Nuclear Forces Treaty... More >>
5 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 5:11:00 PM CDT October 20, 2018 in News
COLUMBIA – Nineteen members of Missouri Task Force One returned to Boone County Fire Protection District headquarters Saturday morning after... More >>
7 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 3:16:00 PM CDT October 20, 2018 in News
SPRINGFIELD (AP) — A man has been criminally charged days after a woman's body was found near Fellows Lake at... More >>
8 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 1:58:08 PM CDT October 20, 2018 in News
SPRINGFIELD (AP) — A Springfield woman who killed her live-in boyfriend with a crowbar in 2017 has been sentenced to... More >>
8 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 1:48:36 PM CDT October 20, 2018 in News
ST. LOUIS (AP) — A restored St. Louis prairie of native grasses and flowers is in bloom, but the nature... More >>
13 hours ago Saturday, October 20 2018 Oct 20, 2018 Saturday, October 20, 2018 8:50:24 AM CDT October 20, 2018 in News
COLUMBIA - Sen. Claire McCaskill spoke about health care in Columbia on Friday at Laborers Local 955, as part of... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 7:35:00 PM CDT October 19, 2018 in News
COLUMBIA - After realizing the underrepresentation of Hispanic business owners in mid-Missouri, three Hispanic professionals established a group of 12... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 5:49:00 PM CDT October 19, 2018 in News
COLUMBIA - This is the last week of the regular season and it's a cold one. Our game of... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 5:20:00 PM CDT October 19, 2018 in Friday Night Fever
COLUMBIA - Two Midwest companies issued separate food recalls this week for bacterial contamination concerns. Hy-Vee said its supplier,... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 4:53:00 PM CDT October 19, 2018 in News
CAMDEN (AP) — Toxicology tests show that a boater was drunk when he slammed into a bluff at Missouri's Lake... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 3:41:35 PM CDT October 19, 2018 in News
COLUMBIA - The Legion of Black Collegians and the FourFront Marginalized Student Council held a solidarity walk Friday to show... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 3:39:00 PM CDT October 19, 2018 in News
JEFFERSON CITY - The Missouri State Medical Association (MSMA), along with multiple medical associations, reaffirmed their opposition to the three... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 2:50:00 PM CDT October 19, 2018 in News
JEFFERSON CITY - For the fourth consecutive year, Project Homeless Connect provided services Friday for people who are experiencing homelessness... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 2:39:00 PM CDT October 19, 2018 in News
DES MOINES, Iowa (AP) — The Mega Millions jackpot has soared to an estimated $1 billion, as the second-largest lottery... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 12:10:00 PM CDT October 19, 2018 in News
JEFFERSON CITY - Police want the public's help finding a man who allegedly ran from a traffic stop after hurting... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 11:42:00 AM CDT October 19, 2018 in News
COLUMBIA - Two MU residence halls and an atrium were officially dedicated on Friday honoring three former MU students. Lucile... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 10:09:00 AM CDT October 19, 2018 in News
WASHINGTON (AP) — Just 1 in 4 people thinks Brett Kavanaugh was completely honest when as a Supreme Court nominee... More >>
1 day ago Friday, October 19 2018 Oct 19, 2018 Friday, October 19, 2018 9:58:13 AM CDT October 19, 2018 in News
Columbia, MO
Broken Clouds 43°
11pm 40°
12am 39°
1am 37°
2am 36°