Hannibal’s existing housing market was compared against Hannibal’s existing income demographics, and a significant shortage of housing was recognized at particular price ranges. At middle-income levels particularly, Hannibal’s existing housing stock falls hundreds-of-units short when compared to comparable income data. (Source Document Here)
Upscale Housing and Apartment Development
Northeast Missouri Economic Development Council, which provides economic development services for the Hannibal region, has initiated the creation of six different committees in an effort to enhance the regions prosperity. One of these committees is devoted to Upscale Housing and Apartment Development.
The NMEDC Board is composed of four Executive Committee members including Tom Boland (President), Hal Benedict (Vice President), Gordon Ipson (Secretary), and Bob Stevenson (Treasurer). Regular council members include Mark Grieshaber, Anthony Allen, Darin Redd, Jerry Trower, Jeff LaGarce, Roy Hark, Randy Park, Rick DeStefane, Matt Munzlinger, Kari Goodman, Larry Welch, and Julie Leverenz.
City Employees Listed in Red
Link Mentioning Economic Development Council’s ‘Upscale Housing and Apartment Development’ From Hannibal Courier Post - Here
Nothing. If anything, existing homes which are at 50% of national values, will suffer further loss.
Local employers have difficulty recruiting top talent when available housing - in middle price ranges - does not exist. The result is talented people are less likely to accept employment in Hannibal (which hurts local industry), or if they choose to accept employment here, they make a conscious decision to reside in other community (which hurts this community), rather than Hannibal. (Source Document Here)
City Manager Lagarce has never addressed that question
That is a question many people in Hannibal would like to have answered. The city council and mayor ‘rubber stamp’ every request for money to the downtown area. Most other residents are forced to do without essential city services. This is especially disheartening at a time when sales tax was at an all time high for Hannibal last year.
Hannibal’s Best Sales Tax Year Ever - Here
Revenue Sources Chart Here
Revenue Sources Chart (in context) Here
The Northern Spy