’The CID now is the Plan B’
Around the region, CIDs are a common development tool.
Often, individual developers will impose them on their own property to help finance the project.
Sometimes, they’re used to pay for services across a larger commercial district, such as public safety or marketing. Downtown St. Louis, South Grand Boulevard and Gravois Avenue in Bevo Mill, for instance, have them, and organizers spend months gathering support from property business owners before imposing a special tax.
Forming a CID requires the consent of a local government. Also, more than half of individual property owners and those owning more than half of the area’s total assessed value must petition for their formation.
Along Wentzville Parkway, Kroenke-affiliated companies and the family selling the undeveloped land own more than half of the real estate. Kroenke-related companies, many of them limited liability companies connected to his development entity THF, own much of the western side of the parkway, including the Kohl’s, Walmart, Sam’s Club and Lowe’s. Because they own over half of the area, they can create a CID and impose a tax even if the owners of other properties within the district, such as the Dierberg family and DESCO Group, don’t want it.