McCormack Baron Salazar a St Louis-based developer with a national reputation for urban infill is pa
ROBERT STEUTEVILLE    JAN. 1, 2010
McCormack Baron Salazar, a St. Louis-based developer with a national reputation for urban infill, is partnering with Metro, which operates transit service in the St. Louis area, on a transit oriented development (TOD). The developer wants to build 147 condominiums or apartments near the Forest Park DeBaliviere MetroLink light rail station, according to the St. Louis Post-Dispatch.
Metro and McCormack Baron have applied for a $19 million Tiger grant — a $1.5 billion program that was part of the 2009 stimulus package — to help build the TOD. The project could also benefit from Metro’s application for $60 million in Tiger funding for a trolley line and greenway, which would connect to MetroLink at the Forest Park DeBaliviere station, says Cady Scott, project manager for McCormack Baron.
There is heavy competition for Tiger grants —$58 billion in applications were received for the only flexible, multimodal funding in the stimulus. Winners will be announced in February. Scott notes that the TOD project will move forward even if no grants are awarded — but probably would be phased in at a slower pace in that case.