Posted on Sep 10, 2022
Developer’s ambitious plan would bring marina, resort to north St. Louis riverfront
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The St. Louis Port Authority on Thursday passed a resolution that could bring a major Mississippi riverfront development to north St. Louis.
The potential project could bring the city’s first marina to the riverfront. It would also add a hotel, waterpark and indoor trampoline park to a 70-acre plot of land north of Interstate 270, just within city limits.
The resolution allows the developer, Nashville-based M2 Development Partners, to pay the city to negotiate incentives that would help the company buy and develop the land. The company could seek tax abatements and other incentives and ask the city to prepare the property, St. Louis officials said.
The resolution shows both city officials and the property developers are serious about the plan, said Neal Richardson, executive director of the St. Louis Development Corporation.
"This is a great step because this means that a developer is putting up funds to actually start putting this project into play long-term,” he said. “Typically when a developer does this it means they’re really serious about moving it forward.”
The potential project could bring the city’s first marina to the riverfront. It would also add a hotel, waterpark and indoor trampoline park to a 70-acre plot of land north of Interstate 270, just within city limits.
The resolution allows the developer, Nashville-based M2 Development Partners, to pay the city to negotiate incentives that would help the company buy and develop the land. The company could seek tax abatements and other incentives and ask the city to prepare the property, St. Louis officials said.
The resolution shows both city officials and the property developers are serious about the plan, said Neal Richardson, executive director of the St. Louis Development Corporation.
"This is a great step because this means that a developer is putting up funds to actually start putting this project into play long-term,” he said. “Typically when a developer does this it means they’re really serious about moving it forward.”
Developer’s ambitious plan would bring marina, resort to north St. Louis riverfront
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PO1 William "Chip" Nagel
..."M2 Development would buy the property from another development company, which has filled the property with dirt to raise it above the floodplain, Richardson said. It was formerly a golf course that was destroyed during the Flood of ’93.
The project could bring people to a part of St. Louis many don’t consider visiting, he said. He hopes the development will create a “resort-style, Branson environment” that attracts families for long weekends or vacations.
The site’s proximity to the future St. Louis Zoo WildCare Park is also a major draw, Richardson said.
“This is an area that is ripe for development,” he said. “I think having something like this in a more busy downtown area wouldn't feel right.”
..."M2 Development would buy the property from another development company, which has filled the property with dirt to raise it above the floodplain, Richardson said. It was formerly a golf course that was destroyed during the Flood of ’93.
The project could bring people to a part of St. Louis many don’t consider visiting, he said. He hopes the development will create a “resort-style, Branson environment” that attracts families for long weekends or vacations.
The site’s proximity to the future St. Louis Zoo WildCare Park is also a major draw, Richardson said.
“This is an area that is ripe for development,” he said. “I think having something like this in a more busy downtown area wouldn't feel right.”
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