Residents in the southern part of Hadley Township may finally know the fate of their community.
The Richmond Heights City Council Tuesday night unanimously approved a plan for a $63 million Menards development. The St. Louis Post-Dispatch reports that the approval includes $15 million in tax increment financing for the redeveloper, Menard Inc., to cover some development costs.
The paper reports that by the end of the year, the developers plan to notify property owners of closing dates on their sale contracts.
The new retail development will be east of Hanley Road, between of Maplewood’s Walmart development and I-64/40.