Alton Circle Plaza Given Final Approval By Alton City Council
ALTON - The Alton City Council voted 6-1 to officially approve an $8.1 million redevelopment agreement for the new Route 3 and Buckmaster Business District, also known as Alton Circle Plaza, which was passed by the Committee of the Whole earlier this week . The redevelopment agreement has been made between the City of Alton and Missouri-based Valcour Development Company. The total cost, which the city has agreed to reimburse up to half of, covers several interior and exterior renovation projects around the newly established Route 3 and Buckmaster Business District, which roughly covers the area encompassing Big Lots, Goodwill, and other stores, but excludes the new Starbucks location. The city plans to reimburse Valcour through new sales tax revenue generated by a 1% sales tax increase on most retail items sold within the newly established district. Mike Batchelor has repeatedly and publicly criticized the city’s decision to raise sales taxes in the area, noting it
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