The Board of Aldermen has approved tax incentives and other items requested to attract a 1.3-million-square-foot warehouse and subassembly facility tied to the city’s General Motors assembly plant.
The package for the developer, NorthPoint Development LLC, includes an abatement of 34 percent of real estate property taxes for 10 years to help offset the cost of public infrastructure improvements.
The Post-Dispatch reported last month that city officials were considering incentives for the project.
Aldermen also approved on Wednesday night annexing the 130-acre site, at Highways 61 and A, into the city and passed zoning and development ordinances for the project.
The city, St. Charles County and NorthPoint are funding $5.8 million in road improvements connected with the project.
Brent Miles, NorthPoint vice president, called on…