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PV council to consider proposals to raise sales tax, fund redevelopment at Village, Corinth
The Prairie Village city council will consider proposals at its meeting tonight that would raise the sales tax at The Village Shops and Corinth Square from 8.525 percent to 9.525 percent, and use the revenue to fund major redevelopments at the two shopping centers.
The properties owner, LANE4 Property Group, formally presented the proposals to the council at its last meeting, on September 7.
Though many of the members expressed interest in the Community Improvement District (CID) approach, they also raised concerns with the impact the tax increase would have on some of the businesses in the centers, and expressed a desire to make sure that the former Tippin’s restaurant location at Corinth would receive attention as part of the redevelopment. LANE4 and the city have received letters of support for the proposals from a number of merchants in the centers.
The council meeting starts at 7:30 tonight in the council chambers at city hall.