Chesterfield City Council to take up controversial TIF proposal

The Chesterfield City Council meets tonight to introduce legislation for a tax increment financing district for an area that includes the old Chesterfield Mall site.
Photo credit Getty Images

The Chesterfield redevelopment plan that's come under fire from school officials in recent weeks is expect ed to be introduced in the City Council Monday night.

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The plan that includes $300 million in tax subsidies get a first reading.

The Parkway School District has argued the proposal would take tax revenues away from schools while adding students.   City leaders reject the idea that the district will take losses.

A tax increment financing commission has recommended passage.

After a first reading, the council will hold a special meeting mid-month to vote on the proposal.

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Featured Image Photo Credit: Getty Images