From the PubDef archive — published October 16, 2007, restored 2026. Links and embedded media may point to archived copies.
DED Gives $5.1 Mil In Tax Credits
Filed Tuesday, October 16, 2007 at 12:00 PM
Governor Matt Blunt has announced that Parkside Towers, LLC will receive $5.1 million in redemption tax credits. The credits come as part of the Department of Economic Development’s (DED) Brownfield Redevelopment Program, which gives incentives for the redevelopment of contaminated and underutilized commercial and industrial sites. According to Blunt’s office, the property is currently contaminated with asbestos and lead-based paint.
Parkside is receiving the incentives for their plan to redevelop the Park Pacific property at 210 N. 13th Street. Missouri Pacific Railroad abandoned the property in 2003 and Parkside plans to turn the property into commercial, retail and residential space, including restaurants, offices and condos.
Labels: Development, Tax Credits