When River’s Edge relocates to its new facility in the Wagner Industrial Park, it still could operate on the same street.
The St. Clair Planning and Zoning Board this month approved recommending to the board of aldermen that the business be allowed to change the name of the street where it will be relocated to River’s Edge Court.
River’s Edge currently is building its new office space and warehouse on TLC Parkway in the Wagner Industrial Park on the city’s north side along Commercial Avenue. The company broke ground on its new facility last year.
“In reference to the address and street name of the new River’s Edge Products building currently under construction in the industrial park, we would like to respectfully request that we be allowed to utilize the same address (and) street we currently have at the new location,” River’s Edge Vice President Mark Mansfield said to City Inspector Jeremy Crowe in a letter dated last month. “With our thousands of customers, vendors, sales force and business associates, retaining the same address would be a huge advantage for us.”
City planner John McGlenn, who used to be the postmaster at the St. Clair post office, agreed.
“From a business point of view, what they’re requesting makes a lot of sense,” he said. “It’s not all that unusual. It makes perfect sense for them.”
Crowe said according to county records, the official name of the current street River’s Edge is located is Enterprise Drive.
“They (River’s Edge) must have changed it sometime on their own,” he said. “The county has no record of it being changed.”
If approved by the aldermen, the name of the street after River’s Edge vacates its current location would return to Enterprise Drive. It is located along North Commercial Avenue just south of the intersection of Highway TT.
TLC Parkway would be renamed River’s Edge Court.
Crowe said the street sign simply could be moved from the current location to the new one.
Crews began clearing land at 25 TLC Parkway in late September. The plan is for the company to build a 100,000-square-foot warehouse on a 12.5-acre parcel of land in the industrial park.
The land was accessed when the Missouri Department of Transportation teamed with the city to relocate a portion of the Interstate 44 North Service Road. That project was completed last year.
River’s Edge is the first business to take advantage of St. Clair’s Enhanced Enterprise Zone.
An EEZ is an economic development tool designed to assist communities that qualify. It is based on demographic criteria that includes U.S. Census data, unemployment and poverty statistics and the presence of blight.
The zone works by supplying a tax abatement program for current businesses that want to expand or new businesses that want to relocate within the zone. The benefits apply only to those that qualify after the EEZ is established.
Language associated with the EEZ states that eligible facilities will receive a minimum property tax abatement of 50 percent for a minimum of 10 years. To qualify, the business must employ at least two new employees and spend a minimum of $100,000 in new investment for a new or expanding industry or $1 million for a replacement facility.
The local EEZ advisery board has established a maximum 80 percent abatement over 20 years.
Currently, River’s Edge operates out of two facilities in Union and three in St. Clair, Mansfield said. Its home office is at the 1 River’s Edge Court location.
The expanded facility will provide several new jobs as required by the state to qualify for the EEZ tax abatements.