Just released! @goodjobsfirst.org report on revenue lost to tax breaks in the STL area.
Updated with 2024 data.
#ACFR2024
“We say: shield school taxes from abatements, give districts a say on TIFs, and curb data-center subsidies.”
#EndSubsidySecrecy
#WhatOurStudentsLose
#IncentiveReform
“Given the prominence of campaign promises focused on increased transparency at SLDC, the mayor’s office was also asked if they would make SDLC’s public records request similarly searchable”
Stay tuned for a response from Mayor Spencer’s office. 👀
#SunshineSLDC
#EndSubsidySecrecy
#opaCITYstl
"ICL now plans to record a write-off of assets totaling about $40 M in its financial statements next quarter."
The #PIEAstl must rescind the real estate & personal property tax abatements for the #5401W3rd site.
PIEA's basis for authorizing the tax abatements was dubious at best. #EndSubsidySecrecy
It’s gone mighty quiet on the data center front in St. Louis city.
Rest assured, the wheels are in motion to push the proposed facility at #500Prospect through the city’s approval process.
#ArmoryTIF
#SLU353
#DeadbeatDeveloper
#EndSubsidySecrecy
This is bonkers! 😡
Having followed SLDC closely for 9+ years, I am not surprised.
Why should the public, St. Louis elected officials & the media believe anything SLDC says, unless it is supported by hard data?
The BOA must hold hearings on SLDC’s operations.
#EndSubsidySecrecy
#DismantleSLDC
The tax break propaganda machine is shifting into high gear.
Follow @stephkukuljan.bsky.social for more details.
#DataCenterSTL
FT:
#500Prospect #ArmoryTIF #ArmoryCID
#GreenStreetBailout
#DeadbeatDeveloper
#NightmareOnGreedStreet
#BOAres111
#LawyersOfTIF
#EndSubsidySecrecy
#WhoBenefits ?
In case anyone was expecting transparency regarding the value of Missouri's incentives for data centers (new facility or expansion): by law the financial data is kept confidential.
#DataCenterSTL
#EndSubsidySecrecy
#BOAres111
Screen capture image of the Missouri Ethics Commission webpage (accessed 9/26/25), showing David Sweeney (Lewis Rice) as the registered lobbyist for THO Investments LLC. Rod Thomas of THO Investments is the applicant for a conditional use permit to construct a data center at 500 Prospect, within the Armory TIF district.
Screen capture image from the City of St. Louis YouTube video of the Board of the 7/11/23 HUDZ committee. Public hearing on Board Bill 30. Pictured: lobbyist David Sweeney being sworn in to speak on behalf of developer GreenStreet.
Screen capture image of MEC webpage, showing a list of the active principals for lobbyist David Sweeney (Lewis Rice). Webpage accessed on 9/26/25)
🚨 Yesterday lobbyist David Sweeney registered #DataCenterSTL developer THO Investments as a principal.
Sweeney has steered many projects through the tax incentive approval process. His clients includes St. Louis University which controls the #SLU353.
#ArmoryTIF
#EndSubsidySecrecy
#BOAres111
At 9 a.m. today, the St. Louis Development Corporation will make public the videos of two board meetings held on July 10.
All SLDC meetings should be live-streamed lon YouTube.
The #IDAstl & #PortAuthoritySTL videos were uploaded July 14, but kept hidden from public view.
#EndSubsidySecrecy
Give @goodjobsfirst.org a follow for great analysis, best practices and advocacy on the issue of development incentives and their impact on local taxing jurisdictions, such as school districts.
Check out GJF's "Tax Break Tracker."
🧵 of 3 articles from #SunshineWeek 👇
#EndSubsidySecrecy
Happy final day of #SunshineWeek !
Local gov. & #MOleg need to #EndSubsidySecrecy
Follow @goodjobsfirst.org for best practices.
See #SunshineSLDC for records obtained from the St. Louis Development Corporation/SLDC*.
Submit your own requests via #SunshineSTL portal 🔗 in my bio.
ICYMI: the 5 phase AHM project received first round approval by the City of St. Louis #LCRAstl on 6/28/22.
As of 7/8/22, SLDC did not have an application for tax incentives on file!
The application was provided in response to #SunshineSLDC R002409-101422
#EndSubsidySecrecy
#SunshineWeek
I’m looking forward to exploring the new feature of the Tax Breaker Tracker from @goodjobsfirst.org
#SunshineWeek #EndSubsidySecrecy
Video posted of the 3.13.25 meeting of the #PortAuthoritySTL board.
youtu.be/-S-a0vEAOzg?...
Url to 10:15. Resolution for #GatewaySouth project; extension of deadline for acquisition of property in phase 1.
Developer's word salad answer leaves us none the wiser.
#EndSubsidySecrecy
#SunshineWeek
"It wasn’t until I joined @goodjobsfirst.org that I learned how deeply secrecy is embedded into the practices of too many state and local economic development bodies charged with giving away the public’s money." - Arlene Martinez
#SunshineWeek #EndSubsidySecrecy
goodjobsfirst.org/sunshine-wee...
Checking on the “early, early” and “limited scope” work that Wash U couldn’t wait to begin, knowing that the BOA would approve BBs 139, 140 & Res 203.
#TaxBreaksAsUsual #EndSubsidySecrecy
#CortexTIF
Photos take if #4140ForestPark at 4:45 p.m. on BOA Friday the 13th
STL needs a system where tax incentives are reviewed at regular intervals following the passage of the ordinance. Recalibrate or terminate if appropriate.
PIEA just approved an $8.2 M tax abatement package for ICL; the R.E. tax abatement is based on an ordinance passed in 2008😡
#EndSubsidySecrecy
