Business World

State sends $1.8 million tax break for downtown development

Missouri’s Department of Economic Development is providing $1.8 million in remediation tax credits for the redevelopment of Building 9 of the former Cupples Warehouse complex in downtown St. Louis, the department said Wednesday.

St. Louis-based Blue Urban LLC is spending $43 million to renovate the building, said Kevin McGowan, chief executive of the firm. The tax credit will be used for

remediation of lead-based paints and asbestos in the

113-year-old building.

Vacant for 30 years, the seven-story, 160,000-square-foot building will feature 54 condos and 66,000 square feet of retail and office space paydayloan no fax payday advances faxless payday loans. –>. The majority of space in the building already has been sold or pre-leased. The renovation is scheduled to be completed in September next year. — Christopher Boyce

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Dieser Beitrag wurde am Saturday, 20. September 2008 um 08:13 Uhr veröffentlicht und wurde unter der Kategorie management abgelegt. Du kannst die Kommentare zu diesen Eintrag durch den RSS-Feed verfolgen.

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