Small Biz Development Agency Granting Money, Not Lending, to Downtown CID

yTkejEGTE3 pm Thursday, April 13th
St. Louis Local Development Co.
1520 Market, City Hall West, 2nd Floor Boardroom

Agenda

Item #4 is “Approving a Grant to The Downtown St. Louis Community
Improvement District, Inc.

According to the City’s website, “The St. Louis Local Development Company (LDC) provides loans through federal, state, and local programs to the small business community in the City.”

Loans. Not Grants. Loans to small business. Not grants to nonprofits.

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 

 

NO MEETING Monday for Soulard Special Business (Property Tax) District

ssbd_boundrymapThere was a notice posted by mistake in the SRG Blaster and also Nextdoor. No Meeting.

6 pm Monday, April 10th, 2017
Soulard Special Business District Meeting
Soulard Station, 1911 S 12th
Open to the Public

The SSBD does not publish agendas or meeting minutes on its website.

This is the special taxing district created in 1994 and funded by a property tax for extra security for Soulard.

There is a vacancy on the SSBD Board of Commissioners for a residential renter and a residential property owner seat expired the end of 2016.

There is a group working on a Soulard Community Improvement District to be funded with a sales tax.

boundarymap

7th Ward Endorsements

VoteMen and women have fought, died, bled, suffered much to ensure your right to vote. Honor them by voting.

7th Ward Independent Democrats and 7th Ward Democratic Committeewoman Marie Ceselski have endorsed the following candidates and positions on ballot issues.

Mayor: Elect Lyda Krewson
Comptroller: Re-Elect Darlene Green
7th Ward Alderman: Jack Coatar
School Board (vote for three): Elect Dorothy Rohde-Collins; Elect James Ira ReeceRe-Elect Susan Jones
Community College Trustee, Sub-district 2 (vote for one): Elect Ciera Simril
Vote No on Prop A Body Cam Scam
Vote No on Prop B Election Date Scam
Vote Yes on Prop C City Resident Preferance
Vote No on Prop 1 Eco Devo Sales Tax Increase
Vote No on Prop 2 Used Tax for Soccer Stadium
Vote No on Prop NS Property Tax Hike for Vacant Bldg Program