Taubman Prestige Outlets Chesterfield, one of two developers looking to set up shop in Chesterfield Valley, is looking for some sales tax help toward costs of upgrading roads at the 49-acre site.
The developer confirmed with Chesterfield Patch that it was seeking a Transportation Development District (TDD) sales tax advantage at the Boones Crossing exit from Highway 40/64 exit, which leads to the proposed outlet center. It was filed with St. Louis County Courts in March.
Attorney Mike Doster for Taubman said Tuesday that filing a court request for the creation of a tranist taxing district "was not an adversarial process" but that it was part of state law.
A transportation taxing district is formed by a court order, Doster said. There was no timeline on when a decision might be made. An agreement between developers and the city must be yet finalized.
Revenue based on a TDD sales tax could also be used by Taubman on the addition of a paved entrance road off North Outer Forty next to Hardee's IcePlex, parking lots, and paving over a stormwater ditch at the front edge of the largely rectangular property.
Chesterfield Valley already has a TDD sales tax, but the understanding is that Taubman developers would like to increase it up to 5/8ths of 1 percent.
Another TDD exists for THF developers of Chesterfield Commons in the Valley.
Doster said there are a number of petitioners for the new tax districts, including Taubman, and projects by other other petitioners the tax would pay for—not just for Taubman's Prestige Outlets.
The proposed open air Taubman shopping mall backs up to the Levee Trail, and would not change any access to the levee, according to site plans.