Answer ST. LOUIS, Mo. (KMOV) — A developer is eyeing a riverfront turn in North St. Louis into an entertainment district.
Thursday, the St. Louis Port Authority will meet to discuss a development called Lighthouse Landing. M2 Development Partners (M2DP), a Nashville-based real estate development firm, is proposing a 270-acre entertainment destination on Riverview Drive near Interstate 67. It will include a marina, a water park, themed hotels, restaurants and ancillary retail. In a release, the company said, “It is intended to ensure that what they develop on this incredible site matches well with the natural beauty of the Mississippi River and provides a long-term economic growth driver that will drive new growth.” The St. Louis Zoo also supports Wildcare Park.”
The zoo’s $230 million, 425-acre expansion in north St. Louis County is scheduled for 2026, and is about 1.5 miles from the site. Neil Richardson, executive director of St. Louis Development Corp., expects the Lighthouse Landing project to create 450 new living-wage jobs for the city and expand the tax base in northern St. Louis.
City documents do not specify where funding for the project will come from, but an initial funding agreement for the project will be considered during a meeting of the Port Authority on Thursday.
It must be signed by November 1 to take effect but no timeline was given for development.
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