St. Louis finalizes transfer of land for $1.7 billion NGA development

St. Louis officials announced Friday that the city has finalized the transfer to the federal government of 97 acres of land north of downtown that will become the National Geospatial-Intelligence Agency’s new $1.7 billion western headquarters.

The move punctuates about four years of work on what has been one of the city’s largest economic development efforts in decades — and, as recently as this summer, was in some doubt.

City officials have worked for years to retain the western headquarter of the federal agency, which currently employs about 3,100 people at a facility in south St. Louis. Since the NGA’s 2016 decision that it would make its new home in north St. Louis, the city has spent more than $114 million acquiring and preparing the land for the new tenant.

The Army Corps of Engineers plans to pick a general contractor for the project next spring, with construction set to start as soon as late 2019. The facility is expected to be completed by 2024 or 2025.

Read more: St. Louis Post-Dispatch

Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students