Board Bill Number 135 Votes In 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
Ward | Alderman | Position |
---|---|---|
2 | Lisa Middlebrook | Aye |
3 | Brandon Bosley | Aye |
4 | Dwinderlin Evans | Aye |
5 | Tammika Hubbard | Aye |
6 | Christine Ingrassia | Aye |
7 | Jack Coatar | Aye |
8 | Annie Rice | Aye |
9 | Dan Guenther | Aye |
10 | Joseph Vollmer | Aye |
11 | Sarah Martin | Aye |
12 | Vicky Grass | Aye |
13 | Beth Murphy | Aye |
14 | Carol Howard | Aye |
15 | Megan E Green | Aye |
16 | Thomas Oldenburg | Aye |
17 | Joseph D Roddy | Aye |
18 | Jesse Todd | Aye |
19 | Marlene E Davis | Aye |
20 | Cara Spencer | Aye |
23 | Joseph Vaccaro | Aye |
24 | Bret Narayan | Aye |
25 | Shane Cohn | Aye |
26 | Shameem Clark Hubbard | Aye |
27 | Pamela Boyd | Aye |
28 | Heather Navarro | Aye |
President | Lewis E Reed | Aye |
1 | Sharon Tyus | No |
21 | John Collins-Muhammad | Did Not Vote |
22 | Jeffrey L Boyd | Did Not Vote |
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