A $2B Metro East megaproject

Erik explores one of the most ambitious development projects in the St. Louis region's history—a proposed $2 billion retail and entertainment complex in Glen Carbon, Illinois.

Joined by Kyle Anderson, Executive Director of the Leadership Council of Southwestern Illinois, they discuss how the 1,500-acre project would use Illinois' Star Bonds program to create a destination entertainment district at the I-270/I-255 interchange. The conversation covers what Star Bonds are, why Glen Carbon is positioned for this development, how the legislation protects existing businesses, and what the competitive application process looks like.

They also examine the broader implications for Metro East—a region often overlooked within the St. Louis metro area—and how a development of this scale could reshape perceptions and economic opportunities for communities across southwestern Illinois.

Topics covered:

• Star Bonds program and recent legislative changes
• The Nova designation for entertainment destinations
• Timeline and approval process for the project
• How Glen Carbon compares to other major regional developments
• Metro East's economic identity and growth potential

Show Links:

https://www.bizjournals.com/stlouis/news/2026/02/27/mixed-use-development-metro-east-billion-star-bond.html