Independence MO Tax Increment Financing Commission Minutes November 2025
Wally’s Proposed for $8.6 Million TIF Reimbursement
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Description
Wally’s is proposed to receive $8.6 million in TIF reimbursements for its new travel center project in Independence, with traffic improvements comprising $7.6 million of that amount; the TIF is expected to pay off in 14 years and will be developer-backed.
Contract Details
Contract Amount
$8,600,000 reimbursement (includes $7.6 million for traffic improvements)
Vendor
WALLY’S
Agency
City of Independence, MO
Contract Type
OTHER
Document Date
November 12, 2025
Contract Term
Estimated 14 years (TIF payoff period)
Renewal Date
2039-11-12
Renewal Info
No specific renewal terms; TIF is planned for a 14-year payoff. The public hearing continues on November 24, 2025. Contract not yet awarded or finalized.
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