St. Louis Development Corporation

(From the Economic Development Incentives report from the PFM Group.)

Each month the commissioners of the Land Clearance for Redevelopment Authority of St. Louis hear request after request from developers and even residents for tax abatements that usually last five to 10 years. 

It's just one of the tools the city uses to spur economic development, but St. Louis officials are taking a look at how those tax incentives are distributed. 

The city of St. Louis may use its power of eminent domain against developer Paul McKee and 18 other land owners in its bid to retain the National Geospatial-Intelligence Agency.

A resolution will be introduced to the St. Louis Board of Aldermen on Friday to allow the legal process to begin.

courtesy National Geospatial-Intelligence Agency

The city of St. Louis is a step closer to getting a $20 million loan to help it buy land at the proposed National Geospatial-Intelligence Agency site on the north side.

The Board of Aldermen’s Housing, Urban Development and Zoning committee voted for the measure 5- 4 on Friday. Yet some committee members expressed concern about paying the area’s largest land owner, developer Paul McKee, for the property.

courtesy National Geospatial-Intelligence Agency

The city of St. Louis is estimating it will cost $130 million to bring the National Geospatial-Intelligence Agency to the north side.

The figure was released Wednesday during a meeting of the Board of Aldermen’s Housing, Urban Development and Zoning committee. That money would come primarily from city and state sources, although those were not made public.

(image from GEO St. Louis)

The city of St. Louis is considering taking out a loan of up to $20 million to help buy land for the proposed north city site for the National Geospatial-Intelligence Agency.

bill, sponsored by 5th Ward Alderwoman Tammika Hubbard, outlines how the city would use three buildings as collateral for the loan. The bill was introduced to the Board of Aldermen on Friday.

Paul McKee, NGA
Maria Altman | St. Louis Public Radio

The city of St. Louis wants the National Geospatial-Intelligence Agency to relocate to the north side of the city. In order to make it a viable option, the city is hustling to buy all 100 acres in the proposed footprint just north of the former Pruitt-Igoe housing project site.

Yet more than half of the property is owned by developer Paul McKee’s Northside Regeneration, which received significant state tax subsidization to acquire the land.

National Geo-Spatial Intelligence Agency, NGA
Maria Altman, St. Louis Public Radio

St. Louis officials are working hard to convince the National Geospatial-Intelligence Agency to stay in the city. But property owners in the blocks being offered as a site for the NGA have mixed feelings.

Jason Rosenbaum, St. Louis Public Radio

The St. Louis Economic Development Partnership unveiled its first strategic plan for St. Louis and St. Louis County. 

The 33-page document list the priorities for the agency, which was established last year, when portions of the city and the county economic development agencies merged. 

Among the goals outlined in the strategic plan are:

Jason Rosenbaum, St. Louis Public Radio

The city of St. Louis often uses tax incentives as a means of spurring development. But one alderman wants to change how the tax breaks are given out and assessed.  

Alderman Joe Roddy, D-17th Ward, told members of the Board of Aldermen’s Housing, Urban Development and Zoning Committee on Wednesday that he was forming a group to examine how tax increment financing and tax abatement is done in the city of St. Louis.

(via Environmental Protection Agency)

Three Missouri agencies will receive $1.6 million in federal funds to cleanup and redevelop contaminated properties.

The Environmental Protection Agency (EPA) announced this week that it has selected public authorities in St. Louis, Springfield and Jefferson City, to receive the funding as part of its $15 million supplemental revolving loan funds (RLF).

St. Louis City Hall
Richie Diesterheft | Flickr

A new economic development agreement between St. Louis City and County is a step closer to reality.

The St. Louis Board of Aldermen moved a bill forward Thursday that would create a long-talked about partnership.

The bill’s sponsor, Alderman Fred Wessels of the 13th Ward, says it will create entity to serve businesses that want to move into the region.

St. Louis City, County, Team Up On Economic Development

Feb 22, 2013
Adam Allington / St. Louis Public Radio

After decades and decades of competing against each other for jobs, St. Louis City and County announced on Friday, a decision to partner up to attract new companies.

The proposal, called the St. Louis Economic Development Partnership, would merge two agencies—The St. Louis Development Corporation in the city, and the St. Louis County Economic Development Council, under one roof.

Mayor Francis Slay says the move will create a sense of regionalism that has been lacking in economic development.

(Amy Lampe/SLDC)

The Environmental Protection Agency has awarded $400,000 in grants to the St. Louis Development Corporation. The funds will be used to assess and plan for cleaning up hazardous substances.

EPA Regional Administrator Karl Brooks says the Agency has a long history of working with the SLDC to clean up contaminated properties, also known as brownfields.