Crestwood Court Owners Propose Possible TIF Funding for Redevelopment

The owners of are in a push toward development, and their eye is on the 2014 holiday season.

Representatives laid out their tentative deadlines for the development process as they asked Aldermen to approve a preliminary funding agreement to consider TIF funding for the project. They’re hoping to begin construction mid-year 2013.

The aldermen approved a revised RFP allowing the developers 30 days to submit their proposal.

The approval of a preliminary funding agreement doesn’t exactly kick off the TIF process. It offers developers the option of submitting proposals that would utilize TIF funding, but the city is not obligated to create a TIF district for the property at this time.

Aldermen will discuss the preliminary funding agreement at their Sept. 25 and Oct. 9 meetings.

Aldermen also approved the legal services of Thompson Coburn, LLP., to assist the city as special counsel and bond counsel through the redevelopment process.

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Other pending business requests:

: The latest proposal for the former Bob Evans property on Lindbergh Road includes a new stoplight and other road enhancements to relieve traffic. The Sunset Hills Board of Aldermen have scheduled public hearings related to the topic for September. 

: The Board will seek feedback from the city's park board before they choose one of eight proposals for the vacant space. 

: Resident Al Moore is hoping to preserve the Paraclete Fathers property in Sunset Hills as a cultural center. Learn more about its proposed uses, and traffic and parking estimates.

Soon to come:

: The Sunset Hills Board of Aldermen voted to approve a plan also bringing a Mattress Firm and Great Clips to 10722 Sunset Plaza.

: The Studio 42, which opened in Crestwood Court roughly three years ago, has a new, permanent space on Reco Avenue.

: Crestwood gets one of Savers' first two stores in the region in the former Barnes & Noble space on Watson Road.

Pole Position Raceway is opening a go kart facility at 8800 Watson Rd., which will offer tracks for youth and adult riders. The battery-operated go karts travel up to 45 miles per hour.

Soon to leave

: The Watson Road farmers market, which has focused on offering sustainable food from Illinois and Missouri farmers, closes to St. Louis customers on Aug. 24.

: The Sunset Hills pub, co-owned by actor John Goodman, seeks a new owner after 16 years in business. Would you prefer new owners continue the O'Leary's tradition, or introduce new cuisine to the city?