• University City Big Box Plan Exemplifies All That Is Wrong

    From NextSTL:  We’ve seen this movie play over and over again in the St. Louis region. This time it’s set in University City. The inner-ring municipality issued a request for proposals (RFP) last year (PDF). One response...

    • Posted 1 week ago
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  • Developer Pitches Retail/Residential Project at I-170 and Olive in University City

    From St. Louis Post-Dispatch:  A retail and residential project is being proposed for about 50 acres at Interstate 170 and Olive Boulevard. The project, tentatively called University Place, is planned by Novus Cos. and could include tax assistance and...

    • Posted 2 weeks ago
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  • The Real Cost of Luring Big Companies to Town

    From CityLab:  Are the economic incentives cities and states offer huge companies worth it for local residents? That depends on who you ask. But for the cities and states vying for Amazon HQ2 by bartering bigger and bigger tax...

    • Posted 3 weeks ago
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  • Expiring Abatements Mean More Revenue For St. Louis and Its Schools

    From NextSTL:  The year 2018 will bring some milestone anniversaries:  100 years since the end of World War I, 50 years since the assassinations of Martin Luther King and Bobby Kennedy, 40 years since the premiere of...

    • Posted 1 month ago
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  • Limiting Tax Incentives Could Decrease Inequality in St. Louis

    From St. Louis Public Radio:  A coalition critical of the tax relief St. Louis awards developers wants lawmakers to make processes to grant tax incentives more transparent and more equitable. When it started in 2016, Team TIF...

    • Posted 2 months ago
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  • Incentive Reform Key to Racial Equity in America’s Cities

    From Washington University:  Tax increment financing (TIF) and other development incentives have become American cities’ primary means of encouraging local economic development. A new study by the Brown School at Washington University in St. Louis finds that...

    • Posted 2 months ago
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  • $44M Lab Redevelopment for Cortex Printing Plant

    From NextSTL:  The Cortex Innovation Community plans a $44 million multi-tenant renovation of the historic printing plant most recently known as the Crescent Building at 4340-50 Duncan Avenue. With a recommendation from the St. Louis Development Corporation,...

    • Posted 3 months ago
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  • Tax Breaks to Boost Development Cost St. Louis $17M Last Year

    From St. Louis Post-Dispatch:  For the first time, the city of St. Louis annual financial report quantifies the value of property tax breaks designed to stimulate development, tallying up nearly $17 million in forgone revenue during the...

    • Posted 4 months ago
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  • “Osage Commons” Development TIF Approved by Aldermen

    From KY3:  A new development is likely store for Osage Beach. More shopping and restaurants could be the scene along Osage Beach Parkways, after the Board of Alderman approved a Tax Increment Financing (TIF) agreement with the...

    • Posted 7 months ago
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  • Fields Foods to Open in New Dogtown Apartments

    From St. Louis Post-Dispatch:  Fields Foods, the independent grocery store in Lafayette Square, will open a second location in a new apartment complex planned for the city’s Dogtown neighborhood. Jeff Tegethoff, a principal of Indianapolis-based Pearl Companies,...

    • Posted 7 months ago
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