Menards Cost-Benefit Analysis Planned in Richmond Heights

Development Strategies will also review the expected costs and benefits of a Hadley Township redevelopment proposal from Pace Properties.

St. Louis city-based Development Strategies will perform a cost-benefit analysis of Hadley Township developments proposed by Menards and Pace Properties. Richmond Heights City Council authorized the formation of a contract with the consultant at its April 16 meeting. According to a letter sent from Larry Marks, a principal at the company, to City Manager Amy Hamilton the analysis will: Section 99-810(5) of the Missouri Revised Statutes requires such an analysis before a city can approve a redevelopment plan. The Richmond Heights Tax Increment Financing (TIF) Commission will review the study as it discusses whether to approve the taxpayer financing packages by Menards and Pace Properties. Development Strategies planned to begin its analysis…

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Crushed Red, a Billboard and Menards: Feedback Friday

Here's a look at conversations that happened this week on the Clayton-Richmond Heights Patch website, Facebook page and Twitter feed.

We're marching toward 400 Facebook likes on the Clayton-Richmond Heights Patch page: This week, we made it to 331, and since April 13 we've gained four new likes. Meanwhile on Twitter, we surpassed the 1,000-follows mark and gained another nine followers this past week. Thank you so much! We'll continue providing breaking news updates, videos and photos through these channels. Please tell your friends to like and follow us, too! Overheard on Facebook Chris LaRocca's Crushed Red in Clayton is now open, and after spotting a review of the pizza-and-salad restaurant in the St. Louis Post-Dispatch we wondered: Who's visited, and what's it like? Josh Gardner: "Want to go…haven't…but I've heard good things!" Later in the week, another Facebook …

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Menards & Co.: Hardware Trio Illustrates Taxpayer Funding's Perks, Challenges

The Menards store planned for Richmond Heights would be located just down the street from The Home Depot and just north of Lowe's. One of the businesses received taxpayer funding, and another has requested it.*

*Editor's note: An earlier subheadline for this article incorrectly identified the status of tax-payer funding for one of the hardware stores. Lowe's received such funding, while Menards has requested it. This article has been updated to reflect the correct status. In Mid-County, there are two chain hardware stores within a 1-mile radius of each other along the South Hanley Road corridor. If Menards successfully opens a store in Richmond Heights, there will be a third. So what circumstances enabled these companies—the others being The Home Depot in Brentwood and Lowe's in Maplewood—to set up shop? In two cases, one of which is Menards, the answer is tax-increment financing (TIF). District 3 Councilwoman Gina Mitten of Richmond Heights even…

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Is Menards a Good Fit for Richmond Heights?

Or would another business be a better fit? Join our conversation about the announcement this week that Menards will develop the southern portion of Hadley Township.