ST. LOUIS (KMOV.com) - Plans are in the works to turn Union Station into a family entertainment and retail center.
Local developer LHM is submitting plans to sink $70 million into the project that would feature a giant Ferris wheel and other games and retail attractions. The plans also include an $18 million tax break in the form of tax increment financing (TIF) from the city.
“This is very exciting the property is not fully in use and bringing that property back to life adds another destination and we believe this is truly a destination location for families,” says Otis Williams of St Louis Development Corporation.
Aldermen who would have to approve any tax break said they will be cautious and thorough before making a decision about approval.
LHM has also been involved in a $50 million renovation of the Hilton Hotel in Union Station, the development of the 360 bar on top of the Ballpark Hilton and the renovation of the Cheshire Inn.