By Martin Van Der Werf
Of the Post-Dispatch
03/31/2005
BELIEVE IT: The deal took more than five years. Finally, next Thursday, a wrecking ball will hit the old Famous-Barr department store at Northland Shopping Center in Jennings. Within months, the plaza will be leveled and a new shopping center, anchored by Schnucks and Target, will be built in its place. The $60 million project, developed by Sansone Group, will be paid for, in part, by $17.5 million in tax-increment financing.
"I don't think anyone can argue with the use of the TIF for this project," said Jim Sansone, a principal. "This is an area that hasn't had large-scale retail development in years."
Of the Post-Dispatch
03/31/2005
BELIEVE IT: The deal took more than five years. Finally, next Thursday, a wrecking ball will hit the old Famous-Barr department store at Northland Shopping Center in Jennings. Within months, the plaza will be leveled and a new shopping center, anchored by Schnucks and Target, will be built in its place. The $60 million project, developed by Sansone Group, will be paid for, in part, by $17.5 million in tax-increment financing.
"I don't think anyone can argue with the use of the TIF for this project," said Jim Sansone, a principal. "This is an area that hasn't had large-scale retail development in years."







