Results and Accomplishments
With $300 million in private investment, the Port Authority is planning a mixed-use gaming, retail, entertainment, and recreation center on the NIMA site and adjoining properties. The Air Force has declared the property excess to its needs, and GSA is currently completing its review to assure there are no other needs for the site. The goal is to complete the sale to the Port Authority by early 2006 to fast-track the property transfer and development. The Missouri Department of Natural Resources will then oversee the property’s environmental characterization (assessment) and restoration. Characterization and restoration costs will be credited against the purchase price of the property. The project is expected to save money by synchronizing remediation with development activities at the site.