YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

State approves tax credits for Prost's Heer's project

Posted online
The Missouri Department of Economic Development has approved up to $2.55 million in Brownfield Redevelopment Program remediation tax credits for Prost Builders Inc.

According to a DED news release, the money will be used to offset costs for cleaning up hazardous contaminants at the former Heer’s building, 138 Park Central Square.

The property is contaminated with asbestos, lead-based paint, pigeon droppings, ballasts and florescent tubes.

The Prost project is expected to create nearly 300 jobs once the former department store site is redeveloped into a mixed-use structure with restaurants, a catering and banquet business and office and retail space.

The property meets the under-utilization requirements of the Brownfield Redevelopment Program, and was accepted in December to the Department of Natural Resources Voluntary Cleanup Program.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences