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Friday, Aug. 26, 2016

Merchants propose a CID tax

Sunday, August 7, 2011

SIKESTON -- It's time to make the DREAM an ongoing reality.

Historic Downtown Sikeston has begun the petition process for a Community Improvement District in Downtown Sikeston by talking with property owners and business owners, according to Brandon Kuehn, executive director of Historic Downtown Sikeston.

Downtown merchants seem to be in favor of the CID, Kuehn said.

"We have talked to a majority of them and they see the benefit of what our organization has done and realize that to continue to have those types of projects and activities we need to have a long-term funding source," he said.

If the CID is approved by the City Council, those funds would be used for "projects that benefit downtown as a whole," Kuehn said, such as beautification efforts and holding special events to attract customer traffic Downtown and to bring in new business to Downtown Sikeston.

"We will be asking for a one-cent sales tax which is not very much: on a $100 purchase, it's an extra dollar in tax," he said. "Every cent will come right back through our organization and will be used for projects in the district."

The CID would include a 15-year sunset clause after which the group could evaluate and consider re-establishing it.

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