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Special Sales Tax Paying Off

Special Sales Tax Paying Off

Photo: Newsradio WTAX

A special sales tax to pay off bonds for development on South MacArthur Boulevard seems to be paying off.

Springfield Economic Development Director Mike Farmer says interest from other retailers is helping to spur growth in the Legacy Pointe development.

“We are seeing an uptick in retail sales. We are a destination for people beyond our traditional borders. The best economy is a diverse economy so we strive to bring the fullest menu we can in terms of an economic base,” says Farmer

The money from the 1-percent tax is being used to pay off bonds that were issued for roads and sewers in the area. It’s reached $1 million in revenue since being established in 2011. Farmer says he still expects an outlet mall to announceĀ its plans later this summer.

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