WHERE IS THE RETAIL?
How many years is it going to take until the citizens of St.
Clair start to realize that they have been led down a path to nowhere, and this
path was extremely expensive?
The following is what was produced to bring everyone on
board. (From the redevelopment plan
page 39.)
At build-out, it is
estimated that the total equalized assessed value (“EAV”) of the Redevelopment Project
Area, based upon 385,000 square feet of total retail/outparcel space and will be
$14,064,531. It is also estimated that at full build-out, the Redevelopment Project
Area will produce, based upon estimated annual taxable sales of $99,875,000, the
following annual tax revenues:
Local Sales Tax: $
4,744,063
Personal Property: $ 206,604
So where is the retail?
If you look real close, you might be able to see it at the end of the
road.
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