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HomeFinanceSt. Louis aldermen OK laws to assist finance waterpark/marina plan

St. Louis aldermen OK laws to assist finance waterpark/marina plan

ST. LOUIS  — The Board of Aldermen on Friday handed laws to assist finance a proposed $323 million marina complicated with lodges, eating places and an indoor waterpark on St. Louis’ far northern riverfront.

The payments enable formation of transportation growth and group enchancment districts that might cost gross sales taxes inside the web site, off Riverview Drive simply north of Interstate 270.

The group enchancment district additionally may add a $10-a-night lodge room cost and particular assessments on another property.

Every week earlier, aldermen authorized a decision recommending that the town Port Authority authorize 15 years of partial property tax abatement and a gross sales tax exemption for building 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.

Individuals are additionally studying…

Builders say the venture would generate $26 million in new taxes and 450 jobs.

The decision handed final week requires the Port Authority to provide aldermen a report on the venture’s anticipated environmental influence. The report is to be submitted earlier than building begins and after “related state and federal businesses” approve the plan.

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