Thursday, June 28, 2012
Taxpayer financing for projects planned in the neighborhood was to have been discussed at Richmond Heights City Hall.
A meeting planned Wednesday about redevelopment of the Hadley Township neighborhood in Richmond Heights was canceled, City Manager Amy Hamilton said. The city decided to cancel the meeting of the Richmond Heights Tax Increment Financing Commission late last week, Hamilton said. That's because Menards is not as far along with its development work as had been expected, she said. The commission will reconvene later this summer once more information is available. No date has been set for that meeting. At that time, commission members will consider whether to amend the redevelopment plan for the area by changing its scope and increasing the amount of available taxpayer financing. Pace Properties also is planning commercial development in the …
Wednesday, June 20, 2012
The company is making progress acquiring properties, but not as quickly as it had hoped.
Pace Properties will set up an office at 1600 S. Hanley Road in an effort to facilitate talks with Hadley Township property owners, City Manager Amy Hamilton told Richmond Heights City Council on Monday. Hamilton spoke at Richmond Heights City Hall. The office likely will open by the first of next week, she said. They are "going to have some standard hours," she said, and representatives also will meet with property owners outside of that period. Pace Properties hopes to open a $125 million retail space just south of The Heights community center. The company is making progress acquiring properties, but not at the rate at which it had hoped, Pace has been handing out contracts to property owners for about a month. Meanwhile, Menards has …
Monday, April 9, 2012
He expressed concern about the level of taxpayer support the company is seeking from Richmond Heights.
A Menards request for $24.1 million in tax-increment financing is "galling," Chad Garrison of The Riverfront Times wrote in the previous issue. The company plans to develop a store in part of the Hadley Township neighborhood of Richmond Heights. Quoting from the article about that project and another by Pace Properties: "Who do these developers think they are -- an NFL team!? (Apologies to Stan Kroenke -- oh, wait, never mind.) And what happened to the original plan for Hadley Township -- to make it a mixed-use development with retail and housing?" Richmond Heights communications coordinator Irene Johnson responded to his questions. Read her comments in the complete Riverfront Times article. More about Hadley Township on Patch: