ST. LOUIS — The Board of Aldermen on Friday handed laws to assist finance a proposed $323 million marina complicated with motels, eating places and an indoor waterpark on St. Louis’ far northern riverfront.
The payments permit formation of transportation improvement and group enchancment districts that might cost gross sales taxes throughout the web site, 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.
Per 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 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.
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Builders say the venture 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 venture’s anticipated environmental impression. The report is to be submitted earlier than building begins and after “related state and federal companies” approve the plan.