MARYLAND HEIGHTS, MO (KTVI)-A proposal for a new massive development in Maryland Heights that would have involved Rams owner Stan Kroenke has been dropped. Details on this story are appearing in our partner the St. Louis Post-Dispatch.
At a special meeting Tuesday night, Maryland Heights officials revealed that Kroenke and his investment partner Alan Bornstein have pulled their proposal from the table. That plan involved among other things a retail, entertainment and sports district. The land that`s been under consideration is 1800 acres of flood plain near Creve Coeur Lake Park close to Highway 141 and the Page Extension.
Maryland Heights officials say they`re now going to take a step back to come up with more specifics on what kind of development they want at that location.
The Post is reporting that it could be a year or more before officials open up another request for proposals.
Local leaders say they want something that can be a regional entertainment destination. Officials say they also have to work out a plan with the local levee district to finance stormwater infrastructure that is needed in this flood plain before any project breaks ground.
Five other developers besides Kroenke`s group also submitted proposals but it appears none is moving forward at this point. Maryland Heights leaders say Kroenke`s group or someone else could come back with another proposal in about a year.