Five years after getting tax-increment financing, the Fenton Logistics Park at the former Chrysler plant is up and running with plans to expand and grow.
St. Louis County awarded the 295-acre site in Fenton a TIF in 2016, after the city of Fenton asked the county to spearhead the process because Fenton didn’t have the dedicated staff required to handle such a complex tax incentive process.
The County Council unanimously agreed April 27 that five years later, Fenton Logistics was meeting the redevelopment requirements of the TIF and using the funds properly.
The Chrysler plant closed in 2009, leaving a huge empty building. In bankruptcy proceedings, the car company asked to strip the building to the ground and sell it for scrap, and the court agreed.
US Capital Development building pair of industrial projects in Louisville market May 26, 2021
St. Louis-based US Capital Development (USCD) has begun construction on two building projects in the Louisville, Kentucky, area as part of its new $500 million industrial platform.
These projects include the 443,822-square-foot industrial building at 637 East Blue Lick Road in Shepherdsville, Kentucky, and the 470,288-square-foot industrial building at 250 River Ridge Parkway in Jeffersonville, Indiana. Construction is expected to be completed on both buildings by early 2022.
The project team for both buildings includes general contractor Summit Construction; civil engineering firm HWC Engineering; architect Gray Design Group, Inc.; structural engineer Alper Audi, Inc.; and real estate broker Kevin Grove, CBRE.
Developer proposes nearly 1M square feet of Louisville development in larger $500M venture bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.