Muni Courts Hotel Corporate Welfarepalooza

yTkejEGTEIn your best SNL Stefon voice: This plan has everything. Municipal Courts Redevelopment requests sales taxes, property taxes, hotel taxes, a TDD, a CID, AND tax credits.

Plus it appears from the renderings that this project will want the southwest parking lot at City Hall. Construction on that corner would cut off City Hall customers and employees from their direct route to/from public transit and parking at Scottrade. Instead of cutting through the current lot, everyone would walk down to Clark and over.

8 am Wednesday, April 12th, 2017
Tax Increment Finance Commission
1520 Market, City Hall West, Room 2000

Agenda and Documents

–Municipal Courts Redevelopment – Hotel
Downtown, 7th Ward, Alderman Jack Coatar

2/14/2017 St. Louis Post-DispatchDeveloper proposes hotel for old Municipal Courts Building 

“The developer is seeking $8 million in tax increment financing, which captures increases in sales and property taxes from the city to aid the development. The developers also are asking for a rebate of hotel taxes, which aren’t captured by TIFs.

 They also plan to set up a transportation development district and a community improvement district on the property, which can each levy up to a 1 percent sales tax to help finance development costs. State historic and brownfield tax credits are also being sought as part of the financing package.”

Also see 4/10/2017 St. Louis Public Radio: Missouri State auditor calls for overhaul of Transportation Development District laws 

–6300 Clayton Redevelopment – 100 Unit Apartment Building
Dogtown, 24th Ward, Alderman Scott Ogilvie

4/11/2017 St. Louis Post-DispatchDogtown apartment developers in talks with local grocer 

 

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