By Grant Bissell
St. Louis (KSDK) - Two of the St. Louis area's oldest malls could soon see a rebirth, but the projects will cost taxpayers.
Developers have a $120 million plan to revitalize Northwest Plaza. The mall fell into foreclosure a few years ago and now sits nearly vacant.
The plan calls for the demolition of most of the buildings and developers are asking for a total of $30 million in public tax money from the city of St. Ann and St. Louis County.
On Wednesday night, a committee accepted the proposal. It now goes to the St. Ann Board of Aldermen for final approval.
"The entire board is very excited about this project. This community is very, very much wanting to see this happen," said St. Ann Mayor Michael Corcoran.
Crestwood Court is in a similar situation. A developer wants to revamp that mall into what it calls "The District at Crestwood."
The project would be an open-air entertainment destination that relies on shopping, restaurants, a bigger movie theater ,as well as a grocery store and health club.
There's no word yet on what the project will cost or how much tax money will be required. Crestwood's mayor says there will be town hall meetings to discuss the plan with citizens.