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130-Unit Apartment Project In Camdenton Is Put On Hold

  • Updated
  • 1 min to read
Bulldozer

Correction:

Our original article mistakenly said the developer is "not local," but should have stated that the developers other projects are not local. The article has been corrected and we apologize for the error.

CAMDENTON, Mo. — Plans for a 130-unit apartment complex on city-owned property on Poplar Street have been put on hold, according to city personnel.

“The developer needs investors to help with the project due to over committing himself on other projects,” Camdenton Assistant City Administrator Renee Kingston said, noting those other projects are not local.

The apartments are expected to be mid-range pricing even though the cost to rent them has not been released.

According to Camdenton City Administrator Jeff Hooker, the city has approved the project setbacks, and the developer has requested a Chapter 100 tax incentive for the development. That would allow the city to issue revenue bonds to finance part of the project. Kingston said all the local tax entities have agreed to the project.

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