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 This material may not be published, broadcast, rewritten or redistributed.

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