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Developer presents plan for two Shops at North Village community improvement districts in St. Joseph
Summary
BMA North Village LLC representative proposed two contiguous CIDs covering retail parcels at Shops at North Village to fund owner-reimbursed improvements via a small sales-fee; developer said it invested roughly $2.5M and $1.5M and proposed a 20-year term. Council held the first public hearings and asked for boundary clarifications.
Zach Frieding, representing BMA North Village LLC, told the St. Joseph City Council at a public hearing that his firm is proposing two community improvement districts for the Shops at North Village retail center to fund community-improvement projects by applying a small sales-fee within defined parcel boundaries.
Frieding said BMA has invested more than $2,500,000 to stabilize the shopping center and an additional $1,500,000 in site improvements since taking ownership. He proposed a 20‑year CID…
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