Board Bill Number 135 Votes | Session 2020-2021
St. Louis Innovation District Redevelopment Area TIF Notes
Board Bill
In February 2013, the Board approved redevelopment of an aging 200-acre midtown industrial neighborhood (similar boundaries to existing CORTEX 353 area) into a mixed-use technology district generating a projected 26,000 construction jobs, 13,000 permanent jobs, $520 million in additional total tax revenue, $205 million in additional City tax revenue, $87 million in additional school tax revenue, and public infrastructure improvements (Ordinance 69389), known as the St. Louis Innovation District Redevelopment Area. To date, it has generated in excess of $54,000,000 net-new tax revenues for the taxing jurisdictions in excess of payments to developers. This Board Bill authorizes the issuance of additional TIF Notes within the previously-approved TIF capacity related to Redevelopment Area-Wide Redevelopment Projects, which include district-wide infrastructure needs. No changes to the TIF Plan or Redevelopment Agreement are proposed or required. The previously approved TIF Plan and Redevelopment Agreement contemplate a total of $67,000,000 of TIF assistance for Redevelopment Area-Wide Redevelopment Projects, of which only $25,000,000 has previously been authorized (in 2014). As with all TIF notes, these will be paid solely by revenues from the projects; no other City revenues/appropriations are involved.
11/13/2020 Final Passage Vote Results
Ayes (26)
Ward | Alderman |
---|---|
2 | Lisa Middlebrook |
3 | Brandon Bosley |
4 | Dwinderlin Evans |
5 | Tammika Hubbard |
6 | Christine Ingrassia |
7 | Jack Coatar |
8 | Annie Rice |
9 | Dan Guenther |
10 | Joseph Vollmer |
11 | Sarah Martin |
12 | Vicky Grass |
13 | Beth Murphy |
14 | Carol Howard |
15 | Megan E. Green |
16 | Tom Oldenburg |
17 | Joseph D Roddy |
18 | Jesse Todd |
19 | Marlene E Davis |
20 | Cara Spencer |
23 | Joseph Vaccaro |
24 | Bret Narayan |
25 | Shane Cohn |
26 | Shameem Clark Hubbard |
27 | Pam Boyd |
28 | Heather Navarro |
President | Lewis E Reed |
Noes (1)
Ward | Alderman |
---|---|
1 | Sharon Tyus |
Did Not Vote (2)
Ward | Alderman |
---|---|
21 | John Collins-Muhammad |
22 | Jeffrey L Boyd |
Abstain (0)
No aldermen abstained from vote
Present (0)
No "present" votes recorded
Absent (0)
No aldermen absent for vote
Vacant Seat (0)
No vacant seat