Business District Approved for Shrine Development
Date Posted: March 8, 2015
Posted In: Projects,
From St. Louis Business Journal: The Belleville City Council approved a site study for a proposed $50-million-plus project near the National Shrine of Our Lady of the Snows which described the site as a “blighted area.”
Designating the land as blighted would qualify the project for a Tax Increment Finance district, the Belleville News-Democrat reports. The study, conducted by St. Louis-based Economic Development Resources, said the site has unused mines below the surface and experiences chronic flooding.
For a Belleville News Democrat article on this topic, click here.