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Developer representative urges Wildwood to explore Missouri 'Chapter 100' incentives for downtown tenants
Summary
At the Jan. 27 meeting, a commenter representing Greenberg Development asked the city for information about Missouri Chapter 100 incentives and materials on an earlier 2006 local ordinance to help attract small retailers to Wildwood's town center.
A speaker at the Jan. 27 Wildwood Economic Development Committee meeting urged staff to examine Missouri’s Chapter 100 incentives and to share information about the city’s prior economic‑incentive ordinance with council members and staff.
The commenter, introduced to the committee as Edward Cone, said he represents a downtown development and that retail and office leasing in Wildwood’s town center has not recovered to pre‑COVID expectations. Cone requested that City Administrator Lee, the city attorney, and the planning director distribute available information about Chapter 100 and a completed template he had prepared to show how the approach might be applied to local projects.
Cone described two primary benefits from Chapter 100 certificates: a possible exemption of sales tax on construction materials and on personal property used in tenant improvements, and a potential temporary real‑property tax abatement. He said those incentives could reduce up‑front costs for small, locally owned retailers or office users — allowing landlords and developers to offer reduced rents or tenant‑improvement allowances during early lease years.
City staff did not adopt or endorse any formal action at the meeting in response to the request; City Administrator Lee said staff would distribute information and that the city has an application for economic incentives on file for interested applicants. Cone told the committee Greenberg Development plans to break ground in spring and said the Chapter 100 treatment is not required for his project to proceed, but would improve the feasibility of ground‑floor retail in the downtown district.
Committee members asked staff to gather and circulate documentation, including any templates and guidance from the planning director and city attorney, for committee and council review.
No regulatory change or commitment was made during the meeting; the item was public comment and the request was for staff follow‑up.
