Missouri Development Finance Board

Courtesy of HOK

The Missouri Development Finance Board is considering whether to award $40 million dollars in tax credits to St. Louis for a potential Major League Soccer stadium. Otis Williams from the St. Louis development board made the request official Thursday. If approved, the incentives would be spread out over two years.

These renderings show what it would look like in National Car Rental Field. The car rental company forged a $158 million deal to name an in-flux riverfront stadium.
Courtesy of HOK

Updated 1:31 p.m. Dec. 15 - Backers of a proposed new NFL stadium for St. Louis have an extra $3 million at their disposal, thanks to the state of Missouri. The Missouri Development Finance Board voted 9-1 Tuesday to grant a line of credit to the St. Louis Convention and Sports Complex Authority.

Marshall Griffin/St. Louis Public Radio

Supporters of the long-delayed Ballpark Village project in downtown St. Louis made a renewed pitch today for state backing to the Missouri Development Finance Board . The $100 million project would be built on the north side of Busch Stadium and would contain space for retail stores, restaurants, an open-air event space with a retractable roof, and a St. Louis Cardinals Hall of Fame and Museum. Team President Bill DeWitt III says the project got sidetracked by the economic crisis that hit the country four years ago.

(St. Louis Public Radio)

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. The town of Moberly agreed to issue $39 million in bonds to Los Angeles-based Mamtek, which was to build an artificial sweetener plant. But the project fell through, and when the company missed its bond payment, Moberly was stuck with a $39 million tab and its bond rating was downgraded....