#3 #4500Washington
Correction to post 1:
Jeff Hardin is the project developer.
LCRA's Sean Spencer notices that taxes haven't been paid. Funny that the delinquent taxes have rarely been highlighted historically.
SLDC's Zach Wilson: all taxes will be caught up on before the project goes to the BOA
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Page 2 of LCRA agenda. Items 3-8.

Page 3 of LCRA agenda. Items 9-15.

Photo of 490 N. Kingshighway, taken on 3.24.26. See agenda item 9. Project is being dramatically reduced in scope. The terms of the tax abatement are being adjusted slightly: for years 1 -5, the tax abatement percentage is 80%; it was previously 90%. The years 6-10, the tax abatement remains unchanged at 75%. There is not an updated financial analysis included in Resolution No. 26-LCRA-10996. I don't think that approval by the Board of Aldermen is necessary for the change in terms of the tax abatement. The BOA has no role in the authorization of the sales tax exemption (STE) on construction materials; LCRA authorizes the STE.

Photo of 490 N. Kingshighway, showing the interior of the first floor level. Photo taken on 3.24.26.

Today at 3 p.m:
St. Louis #LCRAstl meeting.
Zoom link on pg 1:
tinyurl.com/4zxz9x5v

Agenda inc. two projects in Ward 9:

#3. #4500Washington Blighting/Redev. plan. No developer.

#9. Adjustment of tax abatement terms for #490NKinghighway project by Pier Property Group.
See ALT on images 3 & 4.
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