By Antonio D. French
Filed Tuesday, April 10, 2007 at 2:19 PM
Gov. Matt Blunt today announced that 2200 Gravois, LLC, has been approved for $106,251 in Brownfield Redevelopment tax credits from the Missouri Department of Economic Development to renovate and rehabilitate the Polarwave Ice and Fuel building, 2200 Gravois.
The tax credits will facilitate the redevelopment of the property into commercial office, retail, restaurant and residential space, projecting to create an estimated 51 jobs.
The 1.5 story warehouse has been vacant for several years. The southeastern portion of the building currently does not have a roof. The property has been used in the past for manufacturing pens and for the storage and sale of ice and fuel.
The Brownfield Redevelopment Program provides financial incentives for the redevelopment of commercial/industrial sites that are contaminated with hazardous substances and have been abandoned or underutilized for at least three years.
The tax credits will facilitate the redevelopment of the property into commercial office, retail, restaurant and residential space, projecting to create an estimated 51 jobs.The 1.5 story warehouse has been vacant for several years. The southeastern portion of the building currently does not have a roof. The property has been used in the past for manufacturing pens and for the storage and sale of ice and fuel.
The Brownfield Redevelopment Program provides financial incentives for the redevelopment of commercial/industrial sites that are contaminated with hazardous substances and have been abandoned or underutilized for at least three years.
Labels: Development
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