TIF Funding Recommended for New Plan at Old Chrysler Site

KBIA | By Associated Press

Published July 21, 2016 at 8:15 AM CDT

The former Chrysler plant in the St. Louis suburb of Fenton could be getting new life.

KSDK-TV reports that the St. Louis County Tax Increment Financing commission has recommended approval of $34.6 million in TIF funding for redevelopment of the plant. The St. Louis County Council will decide on the TIF funding in August.

KP Development is proposing the site for a logistics park that the firm says could bring up to 3,000 jobs. It would be known as Fenton Logistics Park.

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