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Florissant Walmart Shows New Plans, Financing Option

The petitioner laid out a number of updates during its public hearing at City Council.

Walmart petitioner Jeff Otto showed new plans for the Florissant Walmart site and discussed its new public assistance venture during its public hearing Monday night.

The public hearing had been postponed and rescheduled since late January.

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Otto showed the Walmart store will now be rotated in response to some geotechnical issues found with the property. With the rotation of the store, this changes a few things, including:

  • Increases the size of the store by 4,000 square feet;
  • Deletes the pharmacy drive-thru
  • Provides a full masonry front facade

Otto also said the site will be financed by a Transportation Development District (TDD). According to the Missouri Business and Community Services Division, a TDD can be created and be responsible for developing, maintaining or operating transportation-related projects where the district is located.

The TDD goes through a circuit court process and doesn’t give the City of Florissant a say in the matter. Otto said the district was approved late last year by the court.

“I’m disappointed that they didn’t listen to the public,” Mayor Tom Schneider said in an earlier interview.

Otto said that the TDD would levy a 1 percent sales tax for the store. The TDD could last for up to 40 years, but the intention is not for it to last that long, he said.

The Walmart development was approved by Florissant City Council last year. The petitioners have returned to council to amend its plans.

The City Council will take its first reading on the bill at its April 8 meeting.

For other coverage on the Florissant Walmart development, check out: 

  • Florissant Walmart Public Hearing Pushed Back Until March
  • Walmart Gets OK From Florissant City Council
  • THF Realty Presenting TDD Proposal for Florissant Walmart Development
  • Florissant TDD Public Hearing for Walmart Draws Small Audience
Chrissy H. March 28, 2013 at 10:47 PM
So how much longer til it's built?
Matt Sanders March 30, 2013 at 12:18 AM
once the amendment is passed hopefully they will start buliding soon
Yvonne Vannoy November 03, 2013 at 11:42 AM
It has been 7 months....anything new? Did they give up again? I am SO anxious to have a Walmart with good parking and larger selections.
Matt Sanders November 20, 2013 at 04:59 PM
not yet they need to close on the property by the end of the year.

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