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Independence TIF commission hears proposal for 54,000‑sq. ft. Wally's travel center; developers seek about $8.6M in incentives
Summary
Developers outlined a plan to redevelop the former Kmart at I‑70 and Nolan Road into a 54,000 sq. ft. Wally's travel center, including roughly $10M in traffic work and an incentives request capped near $8.6M (TIF/TDD); the commission accepted exhibits, took public comment and voted to continue the hearing pending amended exhibits.
The Independence Tax Increment Financing Commission on Nov. 12 heard a presentation from Wally’s representatives on a proposed redevelopment of the former Kmart site at the Northeast quadrant of Nolan Road and I‑70 into a 54,000‑square‑foot travel center.
Bond counsel David Martin and developer representatives said the $52–53 million project would include an approximately 54,000 sq. ft. store with about 10,000 sq. ft. of retail, 84 fueling positions and an anticipated 16–20 electric vehicle charging stations. Developer representatives told the commission the site’s redevelopment includes roughly $10 million in off‑site traffic and interchange improvements that are a primary driver of the requested public assistance.
The developers asked the commission to recommend a package of public incentives that, combined, would be capped at about $8.6 million (plus financing costs). The financing package the developers presented combines tax increment financing (TIF)…
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