This long vacant and contaminated site is now occupied by a $400 million gaming, entertainment, and mixed-use development providing 1,100 jobs. The casino complex was completed in early 2010.
This arrangement indemnified the developer and the municipality, and allowed the project to move forward. EOI developed remedial options within the guidelines of Missouri’s voluntary cleanup program and new risk-based corrective action regulations, using institutional controls, engineered barriers, and engineered cells, as well as traditional excavation, removal, and disposal.ĮOI designed a comprehensive risk transfer program, structured so that EOI assumed the financial risk for cost overruns arising from known conditions, as well as unexpected costs incurred because of unforeseen conditions. Long vacant, these former industrial sites linked the River to Interstate 55.ĮOI generated a successful application for Missouri Department of Economic Development Brownfield Redevelopment tax credits, totaling approximately $20 million. This site was formerly occupied by National Lead Industries (NLI) and National Imaging & Mapping Agency (NIMA). Pinnacle Entertainment won its bid to locate its casino, entertainment, and mixed commercial development on the Mississippi riverfront in the Lemay area of south St.
