State Board Approves Tax Credits to Remake Shuttered Hospital on Delmar

By on October 9, 2018

From St. Louis Post-Dispatch:  A proposal to revive a shuttered hospital on Delmar Boulevard in St. Louis has been awarded $2.25 million in state tax credits.

Thursday, the Missouri Development Finance Board signed off on the money, which will help pay for the $68.2 million transformation of the former St. Luke’s Hospital into apartments, office space for nonprofit groups and retail.

The vote by the board was unanimous.

In addition to the hospital project, the board also approved state financial aid to two projects in Boone County — an organic dairy and a warehouse and office for American Outdoor Brands, which manufactures firearms and outdoor recreational equipment.

The project known as Delmar Divine is being spearheaded by former Build-A-Bear Workshop CEO Maxine Clark and a subsidiary of Chicago-based Clayco. It aims to convert 177,000 square feet of the hospital into office space, while carving out another 143,000 feet into 150 apartments.

Ground floor retail space could house local businesses, restaurants and, perhaps, a gym and day care facility.

Plans also call for an auditorium and an adjacent community job training center.

The St. Louis Land Clearance for Redevelopment Authority owns the hospital campus, which was built in 1904, but has gone unused since 2014.

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