Wildwood weighs its first tax breaks for apartment, retail complex in Town Center

News Source : STLtoday.com
News Summary
- Developers want to build a 188-unit multifamily luxury apartment complex.
- But the developers say the project, named Wildwood Luxury Living, depends on the city granting them $3.3 million in tax exemptions over the next decade.
- City council members have opposed the deal because it would cost other taxing districts a total $2.4 million in revenue over the decade.
- Critics have also raised concerns that Greenberg leader Ed Kohn is a longtime member of the city planning and zoning commission.
WILDWOOD A request from developers to build an apartment and retail complex in the heart of Wildwoods downtown has officials debating whether the cost is worth efforts to jumpstart growth in the dis [+6667 chars]