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Construction of The Broadway hotel receives $3 5 million | Local

Fenton Chrysler plant revitalized with TIF

Five years after getting tax-increment financing, the Fenton Logistics Park at the former Chrysler plant is up and running with plans to expand and grow. St. Louis County awarded the 295-acre site in Fenton a TIF in 2016, after the city of Fenton asked the county to spearhead the process because Fenton didn’t have the dedicated staff required to handle such a complex tax incentive process. The County Council unanimously agreed April 27 that five years later, Fenton Logistics was meeting the redevelopment requirements of the TIF and using the funds properly. The Chrysler plant closed in 2009, leaving a huge empty building. In bankruptcy proceedings, the car company asked to strip the building to the ground and sell it for scrap, and the court agreed.

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