Update from today's BOA:
Ald. Browning placed #BOAbb83 on the informal calendar.
At the Nov.18 HUDZ Committee hearing on BB 83, no one from SLDC's incentive division was present to explain how the bill diverts the sales tax revenue to #CortexTIF & fund for tenant reimbursement.
More info in ALTs
Starting now, 10 a.m.
City of St. Louis Board of Aldermen. Final meeting before holiday break.
Who will introduce bill(s) from the floor?
Will #BOAbb83 tax break bill be debated before final vote.
Watch live: www.youtube.com/live/6EMyksf...
Happy #BOAFriday, except to the members of the St. Louis BOA who will vote in favor of the #BOAbb83 sales tax rebate for the tenant at #3942Laclede in the supposedly blighted #CortexTIF
Someone needs to remove BB83 from the consent calendar to enable debate.
SLDC skipped #HUDZ 😡
Details in quoted 🧵
SLDC staff were supposed to be at the #HUDZ hearing on #BOAbb83.
Zach Wilson (SLDC VP for incentives) wrote the fiscal note to the bill. The note omits the key detail revealed on page 2 of Exhibit A.
Wilson wasn’t present at #HUDZ
bsky.app/profile/gcon...
Board Bill 83 is on today’s BOA agenda (“perfection consent”).
#BOAbb83 diverts half the sales tax revenue to reimburse new tenant at renovated Carriage House.
The second half of sales tax revenue is captured by the #CortexTIF
Not a dime in sales tax will be go to City coffers.
Video of 11.18.25 #HUDZ meeting.
Url to start of #BOAbb83 (41:57; runs to 55:30)
youtu.be/mkHbbaWEggw?...
No city officials were present to provide an accurate explanation of the wholly unnecessary #3942Laclede tax break.
BB 83 was approved by HUDZ on a 6 to 0 vote.
Ald. Schweitzer was absent.
Starting shortly! 11 a.m.
#HUDZ public hearing on #BOAbb83
Testify via Zoom against the latest heist of public money for a firm that doesn’t need the 💰💰
Details in 🧵
Stealth involvement of #CortexTIF leaves the city with no immediate benefit from sales tax generated by the relocating company.
Tues. at 11 a.m.
BOA #HUDZ Committee hearing: tinyurl.com/yvry6yp4
#BOAbb83 was added to agenda Sunday at 8:16 p.m.
For tax breaks, BOA often acts to minimize opportunity for public comment/opposition. See quoted post for why BB83 is a racket
#CortexTIF means 0 sales tax revenue for city coffers!
/1
Screen capture image of the webpage showing the result of the roll call vote on Board Bill no. 68. Link to BOA webpage, showing the vote tally for Board Bill no. 68: https://tinyurl.com/4962d6ys
Final passage vote results for #BOAbb68
tinyurl.com/4962d6ys
5 alders voted no: Cohn, Narayan, Sonnier, Tyus & Aldridge.
Note that Cohn made the motion to reconsider BB 68😡
Coming soon: #HUDZ hearing on #BOAbb83 ; provides a rebate of 50% sales tax to a business at #3942Laclede in the #CortexTIF
Newsflash!
Board Bill 83 was removed from Tuesday's #HUDZ agenda when the calendar notice was updated at 9:06 a.m. today.
Stay vigilant!
#BOAbb83 doesn't mention the #CortexTIF
The TIF's Special Allocation Fund will capture 50% of sales tax revenue generated at the #3942Laclede location.
I took a sunshine break for Sunday, but will be back tomorrow.
ISO people to testify at the #HUDZ hearing on #BOAbb83
Background on the perpetual blight in the #Cortex353 redevelopment area from @kavahnmansouri.bsky.social
Final vote on BB 68 expected on Oct. 28
Related: #CortexTIF plays a silent role in #BOAbb83, which channels $1M in sales tax revenue to Corporate Interiors Inc.
bsky.app/profile/kava...
Screen capture image of City of St. Louis website, summary of Board Bill no. 83. Meeting calendar notice for the Public Hearing by the BOA HUDZ Committee on BB 83. October 21 at 11 a.m. City Hall & via Zoom. https://www.stlouis-mo.gov/events/eventdetails.cfm?Event_ID=51564
Screen capture of a portion of page 2 of Exhibit A to Board Bill no. 83. Section 1. Bill accessed on 10.17.25. Link to BB 83: https://www.stlouis-mo.gov/government/city-laws/upload/legislative/boardbills/introduced/BB83%20Combined1.pdf
Screen capture image from City of St. Louis website, map of TIF districts. Image shows part of the boundary of the Cortex TIF district, which includes properties on the south side of 39XX Laclede, between Vandeventer and Sarah. The buildings at 3942 and 3948 Laclede are visible in the center of the image. Link to map of Tax Increment Financing districts in the City of St. Louis: https://geoportal.stlouis-mo.gov/portal/apps/View/index.html?appid=0cefe368a3114450bb273878e6088ead
Screen capture image from Google Street View, showing 3942 Laclede (far left, beige brick facade) and 3948 Laclede (red brick facade). According to the City of St. Louis website, the first building permit for renovations at 3942 Laclede was issued on 01.12.24. City of St. Louis "Address & property search" webpage: https://www.stlouis-mo.gov/data/address-search/index.cfm
Should the City of St. Louis reimburse Corporate Interiors, Inc. up to $1 M for the #3942Laclede project in the #CortexTIF?
Testify on #BOAbb83 at the 10/21 #HUDZ hearing.
Info in ALT
Allocation of sales tax revenue:
50% captured by the TIF
50% reimbursement to CI Inc ($1 M max)
0% to city coffers
Hey look, the tax breaks lawyers & lobbyists have come up with another “incentive” strategy.
#BOAbb83 for a sales tax rebate for a business at #3942Laclede will be introduced on Friday & heard by the #HUDZ Committee on October 21st, before folks figure out that it’s another corporate welfare racket.
