A Missouri Senate committee has requested that the state’s Economic Development Department hand over all documents related to a failed attempt to build an artificial sweetener plant in Moberly. The northeast Missouri town agreed to issue $39 million in bonds to Los Angeles-based Mamtek. But the project fell through, and Moberly was stuck with a $39 million tab when the company missed its bond payment. Republican Senator Kurt Schaefer of Columbia was appointed to the Governmental Accountability C
St. Louis Blues Chairman Dave Checketts. The St. Louis Post-Dispatch is reporting that Checketts has a reached a verbal agreement to sell a majority stake in the Blues to Chicago businessman Matthew Hulsizer.
Report: Checketts reaches deal to sell majority stake in Blues
According to the St. Louis Post-Dispatch, Dave Checketts has a verbal agreement to sell a majority stake in the St. Louis Blues to Chicago businessman Matthew Hulsizer. As part of the deal, Checketts could remain with the club in some capacity.
Mo. Lt. Gov, Peter Kinder wants the Missouri Development Finance Board to review the way it approves financing for economic development projects. The request comes in the wake of the Mamtek fiasco in Moberly.