![]() Kavahn Mansouri is the Midwest Newsroom’s investigative reporter. Louis Public Radio, KCUR, Iowa Public Radio, Nebraska Public Media and NPR. The Midwest Newsroom is an investigative journalism collaboration including St. The resolution also states the Port Authority’s intent to help the project evolve and come to fruition. Thursday’s vote allows the Port Authority to move forward with analyzing the project and also enables Good Developments Group to cover any costs the city may take on during the analysis. Lower said the developer is bringing money to the table and is in negotiations with joint venture partners to gain more funding. Good Developments Group’s projects include the Monad Terrace in Miami Beach, the Stella Tower in New York City, and the Brooklyn Tower and several other high-rises in New York.Ĭohn also asked about what funding Good Developments Group has access to heading into the proposed project. Good Development Group A rendering of the proposed Gateway South development zones along the St. In the board resolution, the Port Authority listed several public funding sources and incentives the project could apply for, including federal port infrastructure grants, tax credit opportunities and "various tax abatements." "This resolution is an exciting first step to evaluating the financial feasibility of the Gateway South Project,” Richardson said. He said that with the board's approval, the corporation, which oversees the Port Authority, will be able to analyze the project's feasibility. ![]() ![]() Louis’ riverfront a more attractive area. The lunch menu is casual with a variety of soups, salads, and sandwiches. Louis Development Corporation Director Neal Richardson said the project is an opportunity to make St. Lucas Park Grille is a popular restaurant on Washington Avenue thats open for lunch and dinner. He said the project would “greatly” increase the city's annual tax revenue.Īccording to board documents, Good Development Group owns or controls approximately 50 of the 80 acres. Rasmussen said Good Developments Group expects the project will add hundreds of jobs and new affordable housing in downtown. “This area's infrastructure is not in the best shape.” “We are looking at the infrastructure and what type of improvements need to be made,” he said. “It seems a little odd you’d be planning to develop in an area extremely prone to flooding, especially with all the climate change issues that are happening right now.”ĭennis Lower, who also spoke on behalf of Good Developments Group, said the developer plans to work with the Port Authority and the Army Corps of Engineers to make any improvements needed to deal with flooding. ![]() “Part of this development area is on the flood side of the levee,” Cohn said. ![]()
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