Pace Properties would like to buy the northern half of 40 acres in the Hadley Township area in for a retail development. The homeowners are in limbo, not knowing if it will go through or not.
It's the third time in six years a developer has tried this.
In a St. Louis Post-Dispatch article, Mayor James Beck stated that the current effort by Pace Properties to develop Hadley Township may be the last, if it fails.
"This is very likely the city's last effort to seek redevelopment," Mayor James Beck wrote recently to residents of Hadley, at Highway 40 (Interstate 64) and Hanley Road.
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