Fox 2 reports developers that will improve the recently declared "blighted" area could get tax breaks.
The City of Maryland Heights hopes to redevelop some vacant areas in town. As Maryland Heights Patch previously reported, the city council voted unanimously to declare a portion of town as “blighted.” Fox 2 reported March 7 that the decision would make these areas “eligible for tax abatements” for developers willing to improve the area. What sort of development would you like to see in this area? A new shopping center? A new grocery store? A Barnes and Noble? Tell us in the comments!
The council voted for the measure at its March 1 meeting.
The Maryland Heights City Council declared a portion of the city as “blighted” at its March 1 meeting. Council members approved an ordinance declaring property along Fee Fee Road, Schuetz Road and Dorsett Road as blighted. The area runs from the intersection of Adie Road and Fee Fee Road to the Dorsett Road and Schuetz Road intersection— encompassing more than 70 acres. According to an analysis, conducted by the city, the area includes seven vacant areas, nine deteriorated buildings and 11 site deteriorations. The analysis notes the city hopes to redevelop the area to increase tax revenues. Officials also hope to eliminate the “economic underutilization of the Area.” The area designated as "blighted" did not include property owned by World…
City Council could vote soon if the area is "blighted."