Plans first approved in 2015 to build an international air-cargo facility for St. Louis Lambert International Airport are back on track. Developers say the project will help establish St. Louis as an international air logistics hub.
Work on the project’s $56 million first phase is expected to begin by March.
Revised plans were approved by the city Airport Commission on Wednesday, and a bill was introduced to city aldermen on Friday.
The biggest change to the plan is that it will involve rehabbing most of a long-vacant aircraft manufacturing complex, rather than replacing it.
Financing for the first phase of the project includes $8.7 million of federal historic tax credits, $11.4 million of state historic tax credits, and state brownfield remediation tax credits.
About 700 jobs are expected to be created once the first phase is completed in 19 months.
Read more: St. Louis Post Dispatch