The Marion County Commission says they will use back taxes owed on the old St. Elizabeth Hospital to help fund the redevelopment of the property.
Presiding County Commissioner Lyndon Bode said there are about $47,000 worth of back taxes and penalties owed on the property.
Hannibal City Council and the Hannibal School Board have already agreed to forgive their portions of the back taxes and Bode said the county has agreed to do the same.
"With the back taxes, it’s not a very easy process and something the county commission, city, or school district, none of us look at very often but there are provisions in the law if something like this occurs with a special circumstance that we can forgive and allow back taxes to be foregone." explained Bode.
City officials hope to hear back from the Missouri Housing Development Commission about a tax incentive program that would also help fund the redevelopment project on June 14th.