Tagged: Union Station

The sale of downtown St. Louis’ historic Union Station is set to go through in mid-October.  The sale was first reported Wednesday by the St. Louis Business Journal.

The facility’s new owners, St. Louis-based Lodging Hospitality Management,  are hoping to succeed where a host of other developers have failed.

The $50 million plan to redevelop St. Louis' historic Union Station focuses on improvements to the Marriott Hotel, not the struggling retail space.

The St. Louis Post-Dispatch reports that the St. Louis Development Corp. board voted 4-0 Thursday to award $5 million in federal tax credits to Lodging Hospitality Management, which has a contract to buy the former train station that was turned into a retail center and hotel.

Updated 5:44 p.m. with information from the St. Louis Business Journal.

St. Louis Union Station could soon get a transformation.

The one-time railroad terminal turned into a retail center has been struggling for many years. The St. Louis Post-Dispatch reports that after a bidding process, a sale is nearing completion. Details of redevelopment plans have not been released.