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The vote agrees to a request to abate $86 million in taxes on construction for 25 years and levy two sales taxes in the village to help fund construction costs. ....
Creve Coeur City Council will consider tax incentives including a property tax abatement and additional sales tax for the proposed Olia Village project, a nearly $1 billion development at the former Bayer site ....
The $985 million project, called Olia Village, calls for apartments, townhouses, retail, hotels and offices on 96 acres at 10300 Olive Boulevard, part of what was Bayer’s North American headquarters. ....