Economy & Innovation

Former Daniele Hotel to Re-open as Hampton Inn
4:26 pm
Fri October 12, 2012

Former Daniele Hotel In Clayton To Get New Life

An artist's rendering of the new Hampton Inn & Suites to be built at site of the former Daniele Hotel in Clayton.
(Equis Hospitality Management)

The former Daniele Hotel in Clayton will reopen soon as a Hampton Inn and Suites.


The Daniele has been shuttered since 2007. But Equis Hospitality Management in St. Louis says it will spend about $16 million to renovate the hotel on North Meramec Ave. The new hotel will have 106 rooms, including 25 suites, and underground parking.


Equis co-owner Greg Mullenix says they will add a fifth floor to the hotel and they’ll feature a restaurant and bar at street level.

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Business
5:41 pm
Wed October 10, 2012

Missouri: Leading Or Following On Job Creation?

MO Governor Jay Nixon operates a riveter at LMI Aerospace in St. Charles
(UPI/Bill Greenblatt) UPI

Missouri Governor Jay Nixon was in St. Charles on Wednesday trying to burnish his credentials as chief steward of the state's economy.

It’s an election year, and so the question of who deserves credit or blame for the economy is up for debate.

Nixon toured LMI Aerospace Inc., a maker of airplane parts for the commercial, corporate and military jets.

LMI says it plans to add 100 jobs over the next five years.  A move Nixon says is part of a larger story about manufacturing growth in Missouri.

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Saint Louis Zoo
1:46 pm
Fri October 5, 2012

Saint Louis Zoo Purchase Of Old Hospital Site Finalized

This artist's rendering shows potential expansion plans for the St. Louis Zoo on the 13.5-acre Forest Park Hospital site just south of Highway 40.
(via Saint Louis Zoo)

Updated at 3:25 with comments from Zoo officials.

Plans to expand the Saint Louis Zoo are moving forward with the zoo's purchase of the 13.5-acre property of the former Forest Park Hospital.

The Saint Louis Zoo Association, a private non-profit, closed the purchase on Friday. Price and contract terms were not disclosed. Plans for the deal were announced in March

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St. Louis on the Air
3:41 pm
Wed September 26, 2012

Branding St. Louis

The St. Louis skyline taken from the Arch.
(via Flickr/NathanReed)

For any community to grow and prosper, it’s important to open the door to new business and business expansion, to retain the talent we have, and make it a place in which people are proud and happy to live and visit.  A key component to all of this is marketing and then delivering.  Join host Don Marsh as we talk about branding St. Louis.

Guests:

Brian Hall, Chief Marketing Officer, St. Louis Convention and Visitors Commission

Tara Pham, founding member of the Brain Drain Collective

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US Fidelis
11:54 am
Tue September 25, 2012

US Fidelis Co-Founder Gets Eight Years In Prison

Former U.S. Fidelis owner Darain Atkinson has been sentenced to eight years in federal prison on fraud charges.
(St. Charles County Dept. of Corrections)

The St. Charles County man who once helped run the largest seller of extended auto warranty contracts will spend eight years in federal prison for bilking customers out of millions of dollars.

Darain Atkinson pleaded guilty to conspiracy and tax charges in April. He was sentenced to the maximum of eight years today, and must also pay $4 million in restitution.

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St. Louis on the Air
5:22 pm
Thu September 20, 2012

Poverty and Homelessness in St. Louis

Credit (via Flickr/Jim Belford)

There is good and bad news when it comes to the latest government figures on poverty in America.  The good news is that the poverty rate has more or less stabilized for the first time in three years, while the bad news is that the number of people living in poverty in the St. Louis area is well above the national average.  Join host Don Marsh for a discussion about poverty and its ripple effects in the region. 

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Barge Shipping
2:00 pm
Thu September 20, 2012

Emergency repair at Lock 27 has barge traffic at a standstill

Stikywikit Flickr

Updated 1:45 p.m. Lock 27 reopened this morning at 3:30 a.m. after being closed for 5 days. According to the Army Corps of Engineers, it may take up to 72 hours to push through the  63 vessels and 455 barges, some from as far as New Orleans, that backed up during the closure. The Corps estimated that the closure cost nearly $3 million per day . Lock 27 underwent major rehab in the past few years and was damaged due to low water levels.

Our original story:

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Business
6:30 am
Wed September 19, 2012

Market for Asian carp maturing in Illinois

Grafton Mayor Tom Thompson (left) and Lu Xu Wu (Chinese investor in American Heartland Fish) speaking through an interpreter.
Adam Allington St. Louis Public Radio

When the French explorer Père Marquette traveled down the Illinois River in 1673, his journal tells of encounters with “monstrous fish” so large they nearly overturned his canoe.  

In all likelihood the fish Marquette was talking about were channel catfish, but nearly 340 years later fisherman Josh Havens says it’s bighead carp... and silver carp which now harass boaters on the Illinois (silver carp are the jumpers).

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Business
6:30 am
Mon September 17, 2012

Asian carp solution will have downstream impact

A tugboat pushes a barge under the Eads Bridge in St. Louis
Kelly Martin Via Wikimedia Commons

The issue of keeping Asian carp out of the Great Lakes has implications for a variety of industries.  Midwest officials are weighing a range of options, including severing the connection between the Mississippi River and Great Lakes basins.  This last option comes with a list of potential economic implications for the shipping and manufacturing industry.

For instance, the 70-mile stretch of Mississippi River at St. Louis is one of the busiest inland ports in America—a place where grain, aggregate and steel are loaded and shipped up and down the river.

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Economy
4:52 pm
Fri September 14, 2012

Illinois and Missouri agree on Poplar Street Bridge upgrades

Lane and ramp upgrade designs for Poplar Street Bridge vincinity
HDR Engineering

Illinois and Missouri officials appear to agree on a series of phased upgrades to the Poplar Street Bridge.

The plan would add a third eastbound I-64 lane over the bridge, as well as provide a two-lane onramp from northbound I-55.

MoDOT District Engineer Ed Hassinger says the $80 million in upgrades will go a long way toward smoothing the flow of traffic over the Mississippi.   

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