City eyes slate of tax subsidies for $325M north riverfront plan

Oct 4, 2022

In order to entice a developer to create a $325 million entertainment, restaurant and retail complex along the Mississippi River, the city of St. Louis is considering a slate of tax subsidies.

The city of St. Louis has begun to advance a slate of subsidies that could be granted to the $325 million entertainment, restaurant and retail complex proposed along the Mississippi River in north St. Louis.

The 67.5-acre Lighthouse Point project at 11000 Riverview Drive, on the border of St. Louis County, is still in the concept stages after the St. Louis Port Authority voted last month to enter into a preliminary agreement with the developer, M3 Development Partners of Nashville, Tennessee. Constructed at the site of the former North Shore Golf Course, the project could feature a marina, water park, 35,000-square-foot conference center, 375 hotel rooms, 30,000 square feet of retail and, possibly, 50 condominiums, among other attractions, according to the developer’s preliminary plans. M3 said last month that it would soon complete a master plan, and could start on infrastructure work by the second quarter of 2023.

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