TIF Districts

The City of Park Hills Tax Increment Financing Commission anticipated and planned for the 50,000 square foot expansion of Hefner Furniture. The commercially zoned area around Hefner's will benefit from the newly built outer road and interchange. Additional retailers and others will be offered opportunities to locate in that area.

The outer road and the interchange are also constructed to serve the St. Francois County Fairground area with safe, convenient access for the 35,000 average daily traffic movements. The Fairground area already benefits from Park Hills sewer and water service, Missouri Natural Gas service, and three-phase electric service through AMEREN.

At this location is a new road connecting to the hiking/biking and ORV trailheads at St. Joe State Park.  Below, is a conceptual plan of desired development in this area of the Fairgrounds Drive interchange.

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Tax Increment Finance has funded road construction through the district. The Park Hills IDA and the Economic Development Department have coordinated with property owners and local utilities to improve traffic circulation around the available acreage at the new Parkway Drive interchange on U.S. Highway 67. Tracts available for development are depicted in color on the attached map. Over 34,000 average daily traffic movements were recorded for the Highway 67 corridor in 2015. The Parkway Drive area already benefits from Park Hills sewer and water service, Missouri Natural Gas service, and electric service through AMEREN.

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The City Council established a TIF Area for the downtown central business district. Improvements to date have included a grocery store, library facility, parking lot, roundabout, and comprehensive site preparation, and improved road access to the Park Hills River Mart/BP Station.

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Learn about a Traditional TIF Project - What is TIF? How does a TIF work? How can I use TIF funds? How do I apply for TIF funds? Community Development Director, Rachel St. Pierre, explains it all in this short video.

Learn about the BeauTIFication Initiative - What is the BeauTIFication Initiative? How does a TIF work? How can I benefit from the BeauTIFication Initiative? How do I apply for BeauTIFication funds? Community Development Director, Rachel St. Pierre, explains it all in this short video.