Ordinance 71631

Chapter 99 Redevelopment Plan for the 909 Chestnut St. Redevelopment Area

New Search

Summary

This Board Bill seeks to approve a Chapter 99 Redevelopment Plan and Blighting Study for the 909 Chestnut St. Redevelopment Area. The project consists of the renovation of a commercial building. The development will have 306 apartments, 300 hotel rooms, 288,000 sf of office space, and 37,000 sf of retail, at the cost of $300 million. This Board Bill will allow up to fifteen (15) years of tax abatement (5 years based on 95 percent of the assessed value of the incremental improvements and followed 5 years based on 75 percent of the assessed value of the incremental improvements and followed by 5 years based on 50 percent of the assessed value of the incremental improvements).

Download

St. Louis City Ordinance 71631 Document (3.17 MB PDF)

Overview

Session: 2022-2023

Board Bill Number: 170

Primary Sponsors: Jack Coatar

Effective: 03/16/2023

Legislative History

Legislative activities and outcomes for this board bill. Learn more about what these activities mean.

  • 01/13/2023

    First Reading

    Bill text was introduced (10.22 MB PDF).

  • 01/13/2023

    Referred to a Committee

    The bill was assigned to the Housing, Urban Development and Zoning Committee.

  • 01/19/2023

    Committee Hearing

    The bill was passed out of committee with a recommendation of do pass during the Housing, Urban Development and Zoning Committee hearing.

  • 01/20/2023

    Second Reading

  • 01/27/2023

    Perfection

    The bill was passed.

  • 02/03/2023

    Engrossment

    The bill was engrossed during the Engrossment, Rules, Resolutions and Credentials Committee.

  • 02/03/2023

    Third Reading

    The bill was passed.

  • 02/03/2023

    Delivered to Mayor

  • 02/17/2023

    Mayor Returns Bill

    The bill was approved.

  • 02/17/2023

    Delivered to Register

  • 03/02/2023

    Register Returns Notice with Ordinance Number

    Register returns ordinance number 71631. Effective date is 03/16/2023

Was this page helpful?      



Comments are helpful!
500 character limit

Feedback is anonymous.