Site is currently undergoing remediation. The $134.2 million Phase I is a go. It is planned to open in 2018. The residential tower planned for Phase II.
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City Foundry project to include high-rise offices and apartments
By Tim Bryant St. Louis Post-Dispatch
Tim Bryant
Sep 23, 2016
The planned $340 million redo of the Federal-Mogul foundry in midtown St. Louis as a trendy food hall and high-rise apartments and offices includes taxpayer help.
Many tax incentives are proposed to help finance the project's $134.2 million first phase. The largest, if approved by city officials, would be $19.4 million in tax-increment financing.
Also factored into the project are $14.9 million in federal historic preservation tax credits, $17.4 million in state historic preservation tax credits and $5 million in state brownfields tax credits for environmental cleanup.
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