Redevelopment Planned at 2 St. Louis-Area Malls

CRESTWOOD, Mo. (AP) — Two St. Louis-area malls could get a rebirth, but taxpayers would have to foot part of the bill.

KSDK-TV reports that developers have a $120 million plan to revitalize Northwest Plaza, which fell into foreclosure and is now nearly vacant. Developers are seeking $30 million in tax money from the city of St. Ann and St. Louis County. A city committee has given preliminary approval and the measure will go to St. Ann aldermen.

In Crestwood, a developer wants to revamp the old mall there into an open-air entertainment destination with shopping, restaurants, a movie theater, a grocery store and a health club.

The taxpayer cost of that project has not been determined. Officials plan a series of town hall meetings.

© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

blog comments powered by Disqus
Listen Now
Thanksgiving Guide
Make Your Picks!

Listen Live