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Sunday, August 4, 2013

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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