TIF Commission recommends Nolan Road Fashion Square redevelopment plan, sending it to city council

The Independence Tax Increment Financing (TIF) Commission on April 21 recommended that the City Council approve the Nolan Road Fashion Square redevelopment plan, a private-led project the developer says will bring about $97–100 million in investment and keep a Price Chopper grocery store in Independence.

The commission’s recommendation came after a presentation from David Martin of Gilmore and Bell and developers from TriLine Properties, and a staff finance briefing from John Hansen of IRR Corporate and Public Finance. Members voted in favor of resolution 2026-01 by roll call; the recorded tally was six ayes, one no and one vote not recorded, and the commission chair said “the ayes have it.”

Why it matters: the plan targets a long-vacant, blighted shopping center at the northwest corner of Highway 40 and South Nolan Road and uses the grocery relocation as an anchor to attract tenants. The developer and consultants said the requested incentives are necessary to move the project from a projected negative 3.8% return without incentives to a financeable return near 8.8% with the full package of tools.

Developer and financing details: David Martin entered exhibits 1–8 into the record, including the TIF plan, cost-benefit analysis and a blight study. TriLine Properties’ president Richard Dubey told the commission his firm plans to refurbish…