Name of City and/or County:
Branson
Name of Plan or Project:
Branson Landing Redevelopment Project
Report Period:
Oct 1 2022 12:00AM to Sep 1 2023 12:00AM
Name of the Person Who Prepared this Annual Report:
Traci Henderson
City or County Contact Agency:
Private Sector Developer:
HCW Development Company
Person:
Richard Huffman or Marc Williams
Original Date Plan/Project Approved:
Ordinance Number:
2003-016
Most Recent Plan Amendment:
03/01/2005
Ordinance Number:
2005-070
School District:
Branson R-4
Branson Downtown District, an area approximately 76.6 acres of previously developed land near Lake Taneycomo in the city
Description of Plan/Project:
Public improvements include construction of an approximately 220,000 sq. ft. convention center, a new town square and themed boardwalk along Lake Taneycomo multi-level parking garage, street utility and bridge improvements, etc. Private included 450,000 sq. ft. anchor retail, two hotels and waterfront condominiums.
Plan/Project Status:
Fully-Operational
How was the "but-for" Determination Made?:
Number of Relocated Residences During This Report Period:
0
Number of Relocated Businesses During This Report Period:
0
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:
0
Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:
Estimate of Retained Jobs:
1978
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$20,135,800.78
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$80,309,697.12
Amount on Hand:
$0.00
Total Revenue on hand in the Special Allocation Fund as of Report Date:
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:
Total Since Inception:
Report Period Only:
Public Infrastructure (streets, utilities, etc):
Site Development (grading, dirt moving, etc):
Rehab of Existing Buildings:
Acquisition of Land or Buildings:
AMOUNT PAID ON DEBT SERVICES:
Payments of principal and interest on outstanding bonded debt:
Since Inception:
$164,367,674.00
This Reporting Period:
$8,624,000.00
Reimbursement of developer for eligible cost:
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
This Reporting Period:
$0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:
Public Infrasture and Site Development Costs:
$36,974,980.00
Property Acquisition and Relocation Costs:
$39,019,548.00
Project Implementation Costs:
$0.00
Total Anticipated TIF Reimbursable Project Costs:
$148,440,048.00
ANTICIPATED TOTAL PROJECT COSTS:
$148,440,048.00
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
23
Current Anticipated Estimate (# of Year to Retirement):
5
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$6,039,490.00
Assessed Valuation Added to the Redevelopment Project:
$18,262,009.87
Anticipated Assessed Value at Time of District Termination:
$30,000,000.00
Total Amount of Base Year EATs:
$0.00
Total Amount of Base Year PILOTs:
$0.00
Total Annual EATs Anticipated at Time of District Termination:
$7,600,000.00
Total Annual PILOTs Anticipated at Time of District Termination:
$0.00
Percentage of EATs Captured:
100%
Total Years Anticipated to Capture EATs:
23
Percentage of PILOTs Captured:
100%
Total Years Anticipated to Capture PILOTs:
23
