tax increment financing

Laclede Gas TIF
4:25 pm
Fri December 13, 2013

Laclede Gas Incentives Get Final Approval

Thanks to a $7 million package of tax incentives, the General American Building will be the new headquarters of Laclede Gas.
(via Wikiemdia Commons/Nyttend)

The St. Louis Board of Aldermen has approved a $7 million package of tax incentives for renovations to the new downtown headquarters of Laclede Gas.

The measure easily cleared the board today by a vote of 23-2. The incentives will help the developer replace windows and heating and cooling systems, and make other upgrades to the General American Building at 706 Market.

Read more
Northside Regeneration Initiative
4:58 pm
Fri October 4, 2013

Hearings Tuesday Would Push McKee Redevelopment Project Forward Again

Paul McKee speaks at a public hearing on his request for an additional $192 million in tax incentives on Aug. 30, 2013.
(Rachel Lippmann/St. Louis Public Radio)

Legislative hearings get underway next week on the measures that could finally lead to the start of Paul McKee’s massive redevelopment project for north St. Louis.

A court case held up the $8.1 billion project for three years. The measures up for debate would give McKee access to an additional $192 million in tax assistance, and restart the project’s clock. Mayor Francis Slay and Congressman William Lacy Clay are both expected to speak in support at Tuesday's hearing. 

Read more
Northside Regeneration Initiative
5:04 pm
Wed August 28, 2013

Public Outcry Leads To Another Delay For McKee's Northside Project

Paul McKee addresses a packed Tax Increment Finance Commission on August 28, 2013. He was seeking access to $192 million in incentives.
(Rachel Lippmann/St. Louis Public Radio)

An $8.1 billion plan to remake a big chunk of north St. Louis continues to face stiff opposition, four years after it was first made public.

More than 200 people, most of them opposed to the Northside Regeneration Initiative, packed the St. Louis city Tax Increment Financing Commission meeting today urging its members to spike the project completely.

Read more
Cortex expansion
4:07 pm
Wed December 12, 2012

Life Sciences District Cortex Secures First Round Of TIF For Expansion

Cortex CEO Dennis Lower makes his request for $35 million from the St. Louis TIF Commission
Rachel Lippmann/St. Louis Public Radio

The life sciences district known as Cortex has gotten initial approval for the first phase of its $2.1 billion expansion plan.

The city's Tax Increment Financing commission voted today to authorize about $35 million in incentives for the first phase, which totals about $160 million.

The phase includes new office and laboratory space, a new Shriners' Hospital, and a streetscape known as Cortex Commons. Here's how it breaks down:

Read more
St. Peters development
3:57 pm
Tue August 28, 2012

Appeals court upholds 'blight' designation for St. Charles Co. floodplain

(via Flickr/steakpinball)

A state appeals court has upheld the efforts of St. Peters, Mo. to use tax increment financing to build a levee structure along Highway 370 to open the area to re-development.

Read more