I first told you about this in August.
Tomorrow, the Board of Aldermen’s Housing, Urban Development and Zoning Committee is scheduled to hear a Board Bill approving the development plan for the City’s first MoDESA project and authorizing me to apply for state funding.
Our first MoDESA application includes a total of eight projects six private developments and two public works projects.
The private projects St. Louis Center, Dillard’s, the Arcade Building, the Mercantile Library Complex, and the Jefferson Arms by The Pyramid Companies; and the Park Pacific Development by the Lawrence Group will generate state MoDESA funding to pay for the public projects street improvements in the downtown core and improvements to the parks that flank Park Pacific.
The cost will be somewhere between $26 -34 million. The specific streets to be improved will be identified after the amount of state MoDESA funding is established.