Columbia business owners anticipate Business Loop 70 upgrades

4 years 8 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
NEW BLOOMFIELD — The New Bloomfield School District said it is thinking of moving to a four-day school week after... More >>
4 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 9:16:00 PM CST November 21, 2019 in News
JEFFERSON CITY - Lincoln University faculty members are voicing their concerns to university officials after it raised their health care... More >>
7 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 7:07:00 PM CST November 21, 2019 in News
COLUMBIA - Another MU fraternity has been suspended just two weeks after the suspension of Sigma Chi. This time, the... More >>
9 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 5:04:00 PM CST November 21, 2019 in News
JEFFERSON CITY, Mo. (AP) — Missouri residents could soon find it easier to update their addresses for voter registration... More >>
9 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 4:31:00 PM CST November 21, 2019 in News
JEFFERSON CITY - The Missouri Department of Conservation (MDC) and the Missouri Department of Natural Resources (DNR) are asking Missourians... More >>
10 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 3:30:00 PM CST November 21, 2019 in News
JEFFERSON CITY- The Missouri Department of Health and Senior Services released its latest report on rural health on Friday, detailing... More >>
11 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 2:51:00 PM CST November 21, 2019 in News
ST. LOUIS (AP) — The 81-year-old mayor of a St. Louis suburb was charged Thursday with submitting fraudulent absentee... More >>
11 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 2:19:00 PM CST November 21, 2019 in News
JEFFERSON CITY - The Cole County SWAT team and the MUSTANG Drug Task Force conducted a drug search Tuesday, arresting... More >>
12 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 1:46:00 PM CST November 21, 2019 in News
FULTON - Deputies arrested a man Wednesday afternoon while conducting a drug search, according to Callaway County Sheriff's Office. ... More >>
12 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 1:36:00 PM CST November 21, 2019 in News
JEFFERSON CITY - Wednesday's fire at the Missouri State Penitentiary started as a result of a training burn by the... More >>
13 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 1:03:00 PM CST November 21, 2019 in News
JEFFERSON CITY - A Columbia man pleaded guilty Thursday to setting a fire at the Planned Parenthood clinic in Columbia... More >>
14 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 12:02:00 PM CST November 21, 2019 in News
JEFFERSON CITY - The first annual Dementia Caregiver Retreat is helping the loved ones of dementia patients prepare for the... More >>
22 hours ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 3:24:00 AM CST November 21, 2019 in News
COLUMBIA - A scooter rental pilot program in Columbia is soon to expire. Now, the scooter company is seeking a... More >>
1 day ago Thursday, November 21 2019 Nov 21, 2019 Thursday, November 21, 2019 12:34:00 AM CST November 21, 2019 in News
COLUMBIA - A pedestrian was hit by a vehicle Wednesday night, according to MU Police spokeswoman Sara Diedrich. It... More >>
1 day ago Wednesday, November 20 2019 Nov 20, 2019 Wednesday, November 20, 2019 9:53:00 PM CST November 20, 2019 in News
FULTON - The only hospital in Callaway County could be in its final days of serving the community. Fulton Medical... More >>
1 day ago Wednesday, November 20 2019 Nov 20, 2019 Wednesday, November 20, 2019 9:19:00 PM CST November 20, 2019 in News
COLUMBIA - Columbia Regional Airport is one step closer to getting a new terminal. The city Airport Advisory Board... More >>
1 day ago Wednesday, November 20 2019 Nov 20, 2019 Wednesday, November 20, 2019 6:51:00 PM CST November 20, 2019 in News
COLUMBIA - In its first season of competition, the University of Missouri Esports team were crowned champions after winning the... More >>
1 day ago Wednesday, November 20 2019 Nov 20, 2019 Wednesday, November 20, 2019 6:08:00 PM CST November 20, 2019 in News
JEFFERSON CITY - A fire broke out Wednesday afternoon at the Missouri State Penitentiary. According to fire personnel, the... More >>
1 day ago Wednesday, November 20 2019 Nov 20, 2019 Wednesday, November 20, 2019 5:37:00 PM CST November 20, 2019 in News
Columbia, MO
Broken Clouds 37°
2am 38°
3am 37°
4am 36°
5am 35°