Insight on the City of St. Louis layer cake of incentives, where revenue from developer-controlled, project specific taxing districts is directed exclusively to paying down the TIF debt.
#UnionStationTIF
#UnionStationCID +TDD
U. Station bonus: 20 year tax abatement & sales tax exemption on materials
Photos from today’s SLDC presentation for #BOAbb122 depict TIF projects marking 5, 10, 15 & 20 years since inception.
#McKeeTIF
#ExpoTIF
#900nTuckerTIF (fka #SquareTIF )
#UnionStationTIF
#MarquetteTIF - features 3 commercial condo units conveyed to #LRAstl following a 2025 tax sale. 👀👀
The cozy relationship between many St. Louis electeds & developers raises few eyebrows.
bsky.app/profile/gcon...
Union Station's corporate welfare hopper car of incentives:
#UnionStationTIF + #UnionStationIDA financing
20 yrs tax abatement.
#UnionStationCID & TDD.
Sales Tax Exemption on materials.
Elected officials & candidates for office should be barred from holding campaign events at property that is benefiting from public subsidies & tax breaks.
FYI for attendees at tonight’s fundraiser at #UnionStationTIF by Mayor Spencer: the public is paying the bill for your complimentary parking.
I doubt that Union Station will provide free tickets to children, families and staff of the St. Louis Public Schools.
Incentives include: #UnionStationTIF + 20 years tax abatement + #UnionStationCID & TDD. Sales Tax Exemption on construction materials.
Unpopular opinion:
Candidates for public office shouldn't use private facilities supported by public money for their campaign events.
#MeleeForMayor
Previously used by Ald. Spencer: #SquareTIF
Coming soon with Ald. Spencer: #UnionStationTIF
Dang, I forgot to mention the use of Industrial Development Authority bonds with certain TIF projects during my comments at #HUDZ yesterday.
#UnionStationTIF + #UnionStationIDA + Tax Abatement + #UnionStationCID
Time to submit some #SunshineSTL requests!