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Council hears plan to convert 208 Marshall Street to 25 residential units with tax abatement under Chapter 353
Summary
A proposed redevelopment plan would renovate 208 Marshall Street into 25 residential units and provide a phased real-property tax abatement (75% for 15 years, 50% for five years) under Missouri’s Chapter 353 redevelopment statute. Council discussion focused on prior uses of the tool and project timing.
City staff presented a redevelopment plan under Missouri Revised Statutes Chapter 353 that would designate a blighted redevelopment area at 208 Marshall Street and approve a plan to renovate the property into 25 residential units. The proposed developer, Grayson Manor LLC, is seeking a tax abatement on…
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