ST. LOUIS  — The Board of Aldermen on Friday handed laws to assist finance a proposed $323 million marina advanced with inns, eating places and an indoor waterpark on St. Louis’ far northern riverfront.
The payments permit formation of transportation growth and group enchancment districts that might cost gross sales taxes throughout the website, off Riverview Drive simply north of Interstate 270.
The group enchancment district additionally might add a $10-a-night resort room cost and particular assessments on another property.
Every week earlier, aldermen authorized a decision recommending that town Port Authority authorize 15 years of partial property tax abatement and a gross sales tax exemption for development supplies.
The 67-acre Lighthouse Level proposal has been controversial, with critics warning that finding a marina in that location would trigger environmental issues on the Mississippi River and disrupt port operations elsewhere on the riverfront.
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Builders say the mission would generate $26 million in new taxes and 450 jobs.
The decision handed final week requires the Port Authority to present aldermen a report on the mission’s anticipated environmental influence. The report is to be submitted earlier than development begins and after “related state and federal businesses” approve the plan.
