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.
Monsanto says its fiscal third-quarter net income soared 35 percent as its seeds and traits business benefited from a mild winter that drove farmers to plant crops earlier and in large numbers.
The U.S. agricultural giant also maintained its full-year earnings forecast after boosting it last month.
The St. Louis company, which produces genetically engineered seeds and the herbicide Roundup, earned $937 million, or $1.74 per share, in the quarter ended in May. That's compared with $692 million, or $1.28 per share, a year earlier.
St. Louis needs more immigrants. That’s the gist of a new report from St. Louis University.
Professor Jack Strauss presented the findings of his study Tuesday to city and county leaders, including St. Louis mayor Francis Slay and St. Louis County Executive Charlie Dooley, at a regional economic development conference.
At about 4.5 percent, Strauss says St. Louis has the lowest rate of immigration among the nation’s largest 20 cities.
A coal-fired power plant in southern Illinois will shed nearly four dozen jobs in the next two months.
Energy Electric Inc. President Bill Sheppard says 19 of the 44 job cuts will be management personnel with the Joppa-based company. Twenty-five union workers in the company with about 233 employees will be laid off Aug. 11.
Sheppard says the reductions are fallout from the struggling economy and wholesale supplier prices that had fallen by 60 percent in 2008 and an additional 15 percent last year. He says drop-offs in the price of natural gas also are a factor.