Screen capture images (overlaid). Left side: Real Estate Tax Summary from the St. Louis Assessor's property information webpage for 490 N. Kingshighway. https://www.stlouis-mo.gov/data/address-search/index.cfm?parcelId=38800004560&lat=887816.562666&long=1025284.21934&addr=490+N+KINGSHIGHWAY+BLVD+ST+LOUIS+MO+63108&CategoryBy=form.start%2Cform.RealEstatePropertyInfor%2Cform.BoundaryGeography&firstview=true#address-search Right Side: Zoom screengrab of LCRA meeting.

Items 6 - 9 approved.

Agenda item #9. #490NKingshighway

Developer Michael Hamburg: "We've been hit with a quadruple in our RE taxes"

#LCRAstl should have tabled Res. 10996 until payment of the delinquent 2025 RE taxes. ($69,318 is owed, per website accessed at 4:05 p.m. today. See link in ALT)

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.
/1

Watch today's #HUDZ Committee meeting live here:
www.youtube.com/live/rx9MbOI... (started at 11 a.m.)

Inc. hearing on #BOAbb169, which increases the tax breaks for the Midas hotel at #2601Market

BB 169 online doesn't include SLDC's updated financial analysis, presented to #LCRAstl on 2.24.26

Video posted today of the 2/24 St. Louis #LCRAstl board meeting.

LCRA approved the amended redevelopment plan for the #2601Market Midas hotel; increasing the tax abatement from 75% to 90%.
Midas heist of public 💰starts at 1:25.

All 👀 on #HUDZ agendas for #BOAbb169 hearing

youtu.be/yetmfo6Igjo?...

Today in the City of St. Louis #TaxBreaksAsUsual racket.

#2601Market hotel by Midas wins #LCRAstl approval for increased tax abatement.

The contrast between unmet needs in ARPA-funded programs, as discussed at #HUDZ today

VS.

STL’s apparent unmet needs for a luxury boutique hotel discussed at #LCRAstl

Tells me a lot about the capacity of government to fail the people & simultaneously benefit corporations.

#2601Market

Today at 3 p.m.
City of St. Louis #LCRAstl board meeting via Zoom.

Midas Hospitality is seeking 90% abatement for the #2601Market hotel.

It's past time for the city to take a hard look at the merits of tax breaks for hotels.
What's the job creation track record?
#WhoBenefits?
#CorpWelfareHotel

Today at 2 p.m. SLDC “Community Town Hall” about the remediation/demo work underway at 4690 & #4700Goodfellow

I’m curious as to the identity of the contractor(s) performing the work.

Odd that the town hall is only 30 minutes long & takes place an hour before the #LCRAstl zoom board meeting.

Awaiting its hearing before the #HUDZ Committee, #BOAbb169 boosts the value of the tax abatement for building a new hotel, possibly two, on land at Market and Jefferson that was once home to the Peoples Finance Building.
#2601Market hotel is on the 2/24 #LCRAstl agenda:
bsky.app/profile/gcon...

Agenda for 2.24.26 meeting of the City of St. Louis LCRA board of directors. Link to board packet: https://www.stlouis-mo.gov/government/departments/sldc/boards/documents/upload/February-24-2026-LCRA-Agenda.pdf

Image of page 1 of Resolution No. 26-LCRA-10988 to amend the redevelopment plan for 2601 Market St., facilitating the increase of portion of assessed value that will be tax abated. See pages 5 - 42 of board packet for documents pertaining to the Midas Hospitality hotel development.

Page 32 of LCRA board packet. "Project Summary" for a single hotel to be constructed at 2601 Market St. in Ward 11.

Photograph from the "Black Metropolis" exhibit at the Missouri HIstory Museum, showing the Peoples Finance Building and accompanying text. The location of the proposed new hotel at 2601 Market St. (NW corner of Jefferson & Market St. ) was once the site of the Peoples Finance Building, which was demolished in the City's erasure of Mill Creek. The building was built in 1926 and demolished in 1961.

The Feb. 24 #LCRAstl board agenda is available:
tinyurl.com/27b8zth8

Sole project:
#2601Market Midas hotel.
Res. 10988 increases the 10 yr tax abatement from 75% to 90%.
The updated financial analysis omits revenue from the #2601MarketCID , which is controlled by Midas.

See ALTs
#CorpWelfareHotel

St. Louis Electeds Repped in Decision to Contract with Accused Murderer Updated 01/11/2026 Will St. Louis Cancel Contract with Murder for Hire Defendant? This is an Update to St. Louis Hires Murder Suspect’s Company for Demo Contract. It turns out that the Board for St…

Background on the executed OR pending contract between the City of St. Louis & S. Shafer Excavating for work at #4690Goodfellow & #4700Goodfellow

greatstateofstlouis.com/2026/01/05/s...

IIRC the contract, authorized by #LCRAstl, was to be funded by a combo of #ARPAstl & other federal funds.

Video posted today of the City of St. Louis Land Clearance for Redevelopment Authority board meeting held on 1.27.25.

SLDC embargoes the meeting recordings of development boards. The Board of Aldermen should mandate live-streaming of all SLDC meetings.
#LCRAstl #OpacitySTL

youtu.be/OiWRHKoHZPs?...

LCRA - YouTube

As of 3:52 p.m. today, the video of the Jan. 27 #LCRAstl board meeting has not been uploaded to the St. Louis Development Corp.’s YouTube channel.

Here’s the playlist if LCRA meetings, dating back to Jan. 2023:
youtube.com/playlist?lis...

Check back later!

Today at 3 p.m. St. Louis #LCRAstl board.
Zoom link on pg 1:
tinyurl.com/2kch7y7f
No new projects.

⚠️ Res. 10985 for site clearing work at LCRA-owned #4800Goodfellow.
Adjacent to #4700Goodfellow, for which a $3.7 M remediation/demo contract was awarded to S.Shafer Excavating (IL) in Dec. 2025.

“In the letter Thursday, he (Otis Williams) states the city has no plans to reinstate the Redevelopment Agreement, restore incentives, or stop its condemnation efforts on the parcels in north city”

The eminent domain proceedings were probably discussed by #LCRAstl in its closed session on Jan. 15th

Starting NOW! 12:30 p.m.
Via Zoom.
City of St. Louis #LCRAstl Special board meeting.

Board packet. Zoom link on page 1:
tinyurl.com/4jhfa83u

Thurs. 1/15 at 12:30 p.m.
Special meeting of the City of St. Louis #LCRAstl board.
Agenda posted at 12:19 p.m. today.
Resolution for item 3 hasn't been posted; amends consulting contract for design services at SLDC's Monarch project at 3940 Dr. MLK Drive.
/1
www.stlouis-mo.gov/events/event...

One would think that SLDC had tightened up its vetting of contractors and developers, but LCRA’s decision to contract with S. Shafer Excavating Inc. indicates otherwise.
#LCRAstl

Screen capture image from the “Develop St. Louis” YouTube channel, taken at 9:02 a.m. on Friday, 12/19/25.

The video of the 12/16 City of St. Louis Land Clearance Utilization Authority board was posted at 9:01 a.m. today (12/19)
Watch the #LCRAstl meeting here:
youtu.be/jTW7u3bAmWc?...

Selective transparency undermines public trust in government.
The St. Louis Development Corp. embargoes video recordings of development board meetings. SLDC typically waits until the 3rd business day after a meeting before making the video public.
Posting momentarily: the 12/16 #LCRAstl video!

Transparency surprise of 2025:
The video of today’s 8 a.m. SLDC board meeting was posted this afternoon for public viewing on YouTube.

youtu.be/YUeJfo33lBA?...

Next: lift the embargo on the video of the Dec. 16 #LCRAstl board meeting, which was uploaded yesterday, but remains hidden.
/1

The video of yesterday's City of St. Louis LCRA board meeting was uploaded today to SLDC's YouTube channel, but is hidden from public view. See image 1.

🔗 to playlist of #LCRAstl recordings: tinyurl.com/mrywhyn4

All SLDC meetings should be live-streamed on YouTube for a #TransparencyWin

Finally! #LCRAstl has rescinded Goodson's "developer designation"

"But progress on Cleveland H.S. failed to materialize, and months after Goodson became the site’s designated redeveloper, his grocery store venture Fields Foods collapsed, closing all locations and resulting in multiple lawsuits. "

#MECreports are appropriate companion reading for City of St. Louis development board meetings, including the #LCRAstl

Check out @stateofstlouis.bsky.social ‘s examination of how Greater St. Louis’s PAC has supported local electeds & candidates.👇
#IsItPayToPlay?

bsky.app/profile/stat...

City of St. Louis LCRA board meets today at 3 p.m. Zoom/phone/possibly in-person.
Notice with Zoom link & packet with resolutions.
www.stlouis-mo.gov/events/event...
#LCRAstl Items include:
Updated tax abatement map for projects under $1 M.

Winston Churchill apartments renovation at 5475 Cabanne.

Note that the community benefits scorecard, project details & financial impact analysis were not included with the resolution in the #LCRAstl board packet.(See 3 images)

15 year tax abatement & sales tax exemption on construction materials.

The City of St. Louis #LCRAstl board is meeting now. Observe live via Zoom only.

www.stlouis-mo.gov/government/d...

Link to video of the 11.14.23 #LCRAstl board meeting at which the DeSales Preservation project received first round approval from the board.
🔗 omitted in an image ALT in yesterday's post no. 1
Starts at 18:40. Runs approx. 7 minutes.
/2
youtu.be/5zF3uw-AZt0?...

Screen capture image from meeting calendar webpage for the 11/4/25 meeting of the Board of Aldermen's HUDZ Committee. Image shows agenda items. Link to meeting calendar notice in the body of this skeet

Screen capture image from SLDC slide presentation on the DeSales Preservation II at the 11.14.23 LCRA board meeting.

Screen capture image from SLDC slide presentation on the DeSales Preservation II at the 11.14.23 LCRA board meeting. The map shows the locations of the 28 sites that comprise the project.

Screen capture images showing the fiscal note (partial image) of Board Bill no. 58. Page 40 of bill, which is posted here: https://www.stlouis-mo.gov/government/city-laws/upload/legislative/boardbills/introduced/BB58%20Combined2.pdf

Tuesday, Nov. 4 at 11 a.m.
St. Louis BOA #HUDZ Committee meeting.
Testify at city hall or Zoom.
➡️ Discussion of the City's ARPA funding & expenditures
➡️ Public Hearing on #BOAbb55 & #BOAbb58

www.stlouis-mo.gov/events/event...

See ALTs for info, inc. 🔗 to #LCRAstl video for DeSales project.
/1

The video of the October 28 #LCRAstl board meeting should be made public by @developstlouis.bsky.social at 9 a.m. today.
Obviously it won’t include the 90 minute plus closed session.
#opaCITYstl