|From:||Lenny Siegel <email@example.com>|
|Date:||13 May 2006 17:30:49 -0000|
|Subject:||[CPEO-BIF] Central Shoe Building, St. Louis, MO|
$2 million in state tax credits to launch $68.5 million redevelopment|
St. Louis Business Journal May 12, 2006
Two St. Louis companies will receive about $2 million in state tax credits to help spur $68.5 million in redevelopment.
The Missouri Department of Economic Development (DED) recently approved up to $625,000 in Brownfield Redevelopment Program remediation tax credits for 1641 Washington LLC to redevelop the Central Shoe Building. The tax credits will help offset costs involved in the cleanup of asbestos and lead-based paint at the site.
The $25 million redevelopment effort involves a 150,000-square foot building located at 1635 Washington Ave. in St. Louis. According to a DED release, the redevelopment will support at least 78 new jobs and turn the property into a mixed-use facility that will house residential and office sites.
For the entire article, see http://stlouis.bizjournals.com/stlouis/stories/2006/05/08/daily66.html?jst=b_ln_hl --
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