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O'Fallon Progress

  • Nearly $59 million TIF taking shape

    Details of a nearly $59 million tax increment financing district show city officials hope the proposal brings a corporate campus with high paying jobs north of Regency Park.


    PGAV Urban Consulting of St. Louis completed a report for the city last week outlining the proposed Regency Park Redevelopment Project, which includes 71 acres located north of Interstate 64 and west of N. Green Mount Road.


    The proposal will allow developer Darwin Miles to use new tax revenue generated within the TIF district to pay for incentives and infrastructure improvements.

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