[CPEO-BIF] Central Shoe Building, St. Louis, MO

[Lenny Siegel <lsiegel@cpeo.org>]

$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
--


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org


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