Development News for Washington, Missouri

Fifth Street Redevelopment and TIF District Proposal Discussed

The Tax Increment Financing (TIF) Commission discussed the proposed Fifth Street redevelopment, including a potential Marriott-branded hotel. The city is considering establishing a new TIF district to revitalize the area, which has been identified as blighted or at risk of blight. A proposal from DSS Building Group for a four-story, 120-room hotel with meeting, restaurant, and retail space was presented. The commission reviewed the TIF process, including the 'but for' test, the distinction between blighted and conservation areas, and the potential use of Community Improvement Districts (CIDs). Discussions also covered parking solutions, including the acquisition of the Purcell property, and the timeline for future development, with a next meeting scheduled for June 10th.