The City of Wentzville has approved bringing a substantial industrial development project to the community. During its strategic planning session in the summer of 2015, the Board of Aldermen named economic development as one of its top six Board priorities. Now, with the support of the Mayor and members of the Board of Aldermen, the Wentzville Logistics Center will become a reality
The 132-acre tract, originally located in unincorporated St. Charles County, has been annexed into the City. The Wentzville Logistics Center will be a 1.3 million-square-foot facility located on 73 acres of the tract, near the intersection of Highway A and Westgate Business Court, near Highway 40/61.
The project will be constructed by NorthPoint Development, a Kansas City-based developer. The facility is expected to serve as a sub-assembly operation and to provide warehousing space for the nearby General Motors Wentzville Assembly Center.
Due to its forward-thinking approach, the City will also realize more than $5 million in public roadway improvements. This project will receive a 34% tax abatement over 10 years, through the issuance of Chapter 100 bonds. This abatement will help…