Groundbreaking for Olia Village at site of former Bayer campus [Yahoo! Finance]
BAYER AG S/ADR (BAYRY)
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Source: Yahoo! Finance
For decades, it was the home to Monsanto. But after the purchase by German-based Bayer AG, the sprawling west county campus was no longer in use or needed. On Thursday, shovels stuck into dirt near the intersection of Olive and Lindbergh. “This is the largest deal in Creve Coeur and really the whole area,” Creve Coeur Mayor Robert Hoffman said. “Really, 96 acres and a billion dollars is a huge deal.” Located in the rolling hills of Creve Coeur on Bayer's West campus, Olia Village will be a live, work, play, and shop experience. “The site has a lot of topography changes,” Matt Pfund, project overview for Jack Matthews Development, said. “We had a lot of dirt to move. New sewers. The former campus was fed with private utilities. We're changing that to a public utility, so we're changing that to all public utilities as well.” Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The $985 million project is expected to take eight years to complete, with
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