Politics & Government
St. Peters Victorious in Premier 370 TIF Case
The Missouri Supreme Court recently refused to consider an appeal of lower-court rulings that upheld the city using tax-increment financing (TIF) subsidy for the commercial project.
The city of St. Peters won a court case related to a long long-running court fight over the Premier 370 flood-plain development.
According to a Political Fix post on StlToday.com, the Missouri Supreme Court recently refused to consider an appeal of lower-court rulings that upheld the city using tax-increment financing (TIF) subsidy for the commercial project.
Great Rivers Habitat Alliance and the government of St. Charles County had originally challenged the TIF.
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The TIF had been challenged by the Great Rivers Habitat Alliance, an environmental group, and St. Charles County government.
According to the Political Fix:
Find out what's happening in St. Peterswith free, real-time updates from Patch.
Under TIFs, some tax revenue generated by a project pays for related development costs.
The Missouri Court of Appeals' Western District in August had agreed that there was substantial evidence of blight due to unsafe and unsanitary conditions stemming from flooding over the years. The area was mainly farmland.
That ruling upheld a decision in 2011 by a circuit judge.
St. Peters Mayor Len Pagano said the ruling was "tremendous" news for the the city.
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