Newspaper article St Louis Post-Dispatch (MO)

Mega-Theater in the Works Company Wants to Put 24-Screen Complex in St. Charles County

Newspaper article St Louis Post-Dispatch (MO)

Mega-Theater in the Works Company Wants to Put 24-Screen Complex in St. Charles County

Article excerpt

A 24-screen AMC Theater complex is planned for St. Peters near Mid Rivers Mall with an opening date of fall 1997. The complex would be the largest in the area and among the largest in the nation.

Thursday night, aldermen approved a proposal from Landon Development Corp. of Southfield, Mich. Mayor Tom Brown refused to sign the measure. Brown has until Feb. 8 to sign it or veto it. If he does neither, it becomes an ordinance.

Brown questioned how much tax money could be generated by a theater project as opposed to the "Power Center" of retail establishments that he favored with another developer.

A vote of 7-0, with one alderman not present, ended a contract with Spencer Creek Redevelopment Co., favored by Brown, and turned the project - in a tax-increment financing district - over to Landon, which would develop the theater project.

"AMC is going to build a mega-theater complex in St. Charles County," said Daniel J. Aronoff, the president of Landon. "This is their first choice. If they can't get this, they'll go someplace else."

The city staff, led by City Administrator Robert Irvin, pushed the deal with Landon, which would use about $1.6 million from the already approved tax-increment financing district for the project.

"They have tenant commitment," Irvin said. "They have 82 percent of the land controlled. They have had a continuing commitment to this project. We believe they're poised for action."

Franklin W. Rash of AMC Realty Inc. in Kansas City said his company had talked with the city of St. …

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