[CPEO-BIF] Cupples 9 building, St. Louis, Missouri

[Lenny Siegel <lsiegel@cpeo.org>]

Koster sues developers over Cupples 9 cleanup

BY TIM LOGAN
St. Louis Post-Dispatch (MO)
September 7, 2012

Missouri's top lawyer sued a pair of St. Louis developers Friday,  
saying they squandered $2.4 million worth of state tax credits in the  
incomplete cleanup of a long-empty downtown building.

Attorney General Chris Koster filed the suit in St. Louis Circuit  
Court against Kevin McGowan and Nat Walsh over their failed  
redevelopment of the Cupples 9 building on Spruce St. west of Busch  
Stadium. He claims that their environmental consultant, in a report  
in 2010 at the end of the cleanup, stated that all lead paint had  
been removed. Later tests showed that it had not.

But those tests came after the project received - and then sold -  
$2.4 million in Brownfields tax credits to pay for the cleanup. The  
state can't reclaim that money, so it's suing.

...

For the entire article, see
http://www.stltoday.com/business/columns/building-blocks/koster-sues- 
developers-over-cupples-cleanup/article_8a4df840- 
f93a-11e1-92e9-0019bb30f31a.html

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
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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