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The St Louis Contrarian

Providing Independent and Intelligent Insight on St. Louis Public Policy Issues

Archive for the tag “kwmu”

Loop Trolley: Update, the Good, Bad, Ugly and Beautiful

The trolley situation is still a mess. KWMU had a story which documented the large number of businesses which have gone out of business, at least partly due to the trolley construction. Also, The Riverfront Times published an article about the fact that the automatic ticket machines for the trolley are in before the trolley itself and these machines do not make change. An individual who needed change would need to send in the receipt through the mail and wait for change from the Trolley Association by mail. Overall, the whole thing still seems like a fiasco. One piece of good news, the Loop Business Association has hired Rachelle L’Ecuyer as Executive Director. She is top notch and has done a great job as Economic Development Director in Maplewood. I wonder how long it will take her to clash with Joe Edwards. Written by Paul Dribin

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Update on Paul McKee and Northside Project

Little is happening in this arena. KWMU came upon a renegotiation agreement that requires relatively little of the northside group to keep the deal going. As I have said, I know McKee and consider him an honorable purchase. I think he has been squeezed by too many parties in the city. Written by Paul Dribin

Development Incentives in St. Louis

The City of St. Louis has for years handed out huge development subsidies in the form of TIFs, tax abatement, and other measures. They also offer soft second loans on developments which usually do not need to be paid back. Are these incentives effective? It is difficult to know. The Board of Aldermen Hud Committee is proposing a more rational approach to this issue and is gathering testimony from the public. Everyone involved in development needs to pay close attention.

My take on incentives is that it is difficult to use a formula to provide incentives. Ideally the development getting help would not be built without the incentives and the project would provide a real boost to the city. The Chase Park Plaza Hotel comes to mind. There would be less need for incentives if the city had a more rational, and fair permitting and development process. Most developers tell me the city is the most difficult place to do business.

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