Lighthouse Point, a $323 million marina and waterfront development proposed for the banks of the Mississippi River, has already been granted a special district, tax abatements, and sales tax exemptions.
“The Board of Aldermen on Friday passed legislation to help finance a proposed $323 million marina complex with hotels, restaurants and an indoor waterpark on St. Louis' far northern riverfront,” reports Mark Schlinkmann for the St. Louis Post-Dispatch.
The so-called Lighthouse Point development will transform 67 acres in an Opportunity Zone on the Mississippi River water. Nashville-based developer M2 Development Partners was still working on the project’s master plan in September, so the development is moving quickly.
The Lighthouse Point has attracted controversy over the potential of the project to create negative environmental effects on the river as well as disrupting port operations elsewhere along the river.
The project will be financed by a transportation development and community improvement district created, in effect, to charge sales taxes in the district. “The community improvement district also could add a $10-a-night hotel room charge and special assessments on some other property,” adds Schlinkmann. “A week earlier, aldermen approved a resolution recommending that the city Port Authority authorize 15 years of partial property tax abatement and a sales tax exemption for construction materials.”
A rendering of the project is available at the source article, linked below.
FULL STORY: St. Louis aldermen OK legislation to help finance waterpark/marina plan
Reconnecting St. Louis to its River
According a recent article in the Riverfront Times, perceptions of the Mississippi River among St. Louis residents are poor, but a collection of "river evangelists" and patient business owners are working to change that reality.
Historic Missouri-Illinois Bridge Completes Rehabilitation Funded by Recovery Act
Remember President Obama's 2009 economic stimulus program? Add another completed project to the program's successes: the restoration of the multi-modal 1874 iconic Eads Bridge connecting St. Louis and East St. Louis, Ill. over the Mississippi River.
One Geologist Predicted Floods in St. Louis Months Before They Struck
Hindsight is 20-20, but so too sometimes is the foresight of geologists. That was the case prior to the flooding that struck St. Louis this December.
Montreal Mall to Become 6,000 Housing Units
Place Versailles will be transformed into a mixed-use complex over the next 25 years.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
DARTSpace Platform Streamlines Dallas TOD Application Process
The Dallas transit agency hopes a shorter permitting timeline will boost transit-oriented development around rail stations.
Study: 4% of Truckers Lack a Valid Commercial License
Over 56% of inspected trucks had other violations.
Chicago Judge Orders Thousands of Accessible Ped Signals
Only 3% of the city's crossing signals are currently accessible to blind pedestrians.
Philadelphia Swaps Car Lanes for Bikeways in Unanimous Vote
The project will transform one of the handful of streets responsible for 80% of the city’s major crashes.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Mt Shasta
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)