Subsidies for a scaled-back Ballpark Village continued their march toward completion at the Board of Aldermen today - a day after getting the nod from a city development agency.
The $17 million in tax incentives got initial approval from the board today. It still needs one more vote from the Board, and then approval by the state. That meeting appears to be scheduled for July 17.
Officials with the St. Louis Cardinals say construction should begin on the much-delayed Ballpark Village by this coming fall.
The $100 million project received support Thursday from the Missouri Downtown Economic Stimulus Authority—known as MODESA.
MODESA’s support frees up $17 million in bonds set to expire by the end of the year—a fact which has the Cardinals, their developer Cordish Co. and the City of St. Louis moving quickly to clear these last few hurdles.