A new hardware store coming to Joplin is asking city council to activate a tax increment financing plan for its location.
Menards proposed location is a completely new development. There's a spring that flows on the piece of land and it will require extensive work to move. Curb and gutter work will also need to be done, expenses that normally would fall under TIF funding.
Menards is looking at amending the Hope Valley TIF in this area to help cover the costs of all of that extra work. The financing plan was created a few years ago but never activated. A TIF exists in this area because it's blighted and developing in this area costs quite a bit due to the extra ground work needed.
The city council approved the proposal, but it still needs to be discussed by the TIF commission and council before it can move forward.
"It is more than for the Menards store, it is for that whole area out there, TIF is looking into developing that whole area and that's what Menards is actually looking into is developing that whole area and not just the area for their store,” says Leslie Haase.
City manager Sam Anselm also announced plans to permanently stripe Main Street. After months of planning and conversations with the fire and police departments, Main Street will remain four lanes. The lanes will remain similar sizes as they currently are with parking on either side.
After all is said and done, city leaders hope traffic will stick to the speed limit so residents and guests can enjoy Joplin's downtown.
"Perhaps narrow those a little bit so that we can create some additional space on either side for parking, either increase width so when someone opens their drivers side door, they're not as worried about being hit by a vehicle or the possibility of looking at some outdoor seating option,” says Sam Anselm.
They hope to begin striping within the next week or two.
Council also approved a resurfacing project for the area of 26th Street and Pennsylvania to 32nd and McClelland. The project will fix curbs and sidewalks as well as storm water repairs.
That project will cost more than two and a half million dollars and is set to be completed in 2019. The money being spent is from the CDBG funds so taxpayers won't see any changes.