Tuesday LCRA: $24.5M Lost Revenue From Foundry Tax Abatement

yTkejEGTE3 pm Tuesday, January 23, 2018
Land Clearance for Redevelopment Authority
@ St. Louis Development Corporation,
Suite 2000, 1520 Market, City Hall West
Open to the Public

City Online Calendar Notice/*Agenda with drawings/charts

6th Ward, Midtown, The Beaumont Building @ 2654 Locust
Apartments & Office Space
10 Year Tax Abatement

7th Ward, Riverfront, Amendment to Casino Agreement, new owner Tropicana
Reduce slot machines to 1,200 from 1,500
Reduce table games to 40 from 60
Reduce casino square footage to 60,000 from 75,000 for entertainment venues

9th Ward, Marine Villa, 3434-3436 Indiana
Habitat for Humanity: two single family homes
10 Year Tax Abatement

9th Ward, Marine Villa, Former Shepard School @ 3450 Wisconsin
Proposal for 47 apartments
10 Year Tax Abatement

12th Ward, Boulevard Heights, 3830 & 3831 Boulevard Heights Court
Condos Project
5 Year Tax Abatement
Former Mayor Slay lives around the corner from this slum.

17th Ward, Midtown, RPA1 City Foundry
15 Years Tax Abatement
Total loss $24.5 Million over 15 years
CityFoundaryAbatement

18th Ward, Vandeventer ,Various Parcels on 42XX West Cook, 42XX Finney, 42XX West Finney, 42XX CD Banks, 10XX Pendleton
40 single family rental homes
15 Year Tax Abatement funded with low income tax credits

26th Ward, Hamilton Heights, Save-A-Lot Grocery proposal @ 1301 Union
10 Year Tax Abatement
1/22/2018 St. Louis Post-Dispatch: Save-A-Lot plans grocery store on vacant north St. Louis corner

*The Agenda wasn’t posted until Today/Monday. Some agencies/offices are taking the Mayor’s Executive Order to use Missouri Sunshine Law standards for posting online to mean only post the minimum 24 hours in advance, which, for some agencies/offices, means less advance notice, going backward instead of improving transparency.

— Marie Ceselski, 7th Ward Democratic Committeewoman

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