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Legislation from Alderwoman Cara Spencer would establish a mechanism for the city to reimburse 85% of Anders’ payroll, earnings and net profit taxes on new hires at the firm.
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This compromise bridges the remaining gaps between Ward 7 Alderwoman Alisha Sonnier’s proposed Transform STL Act and Ward 13 Alderwoman Pamela Boyd’s alternative.
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Hall’s tenure in the St. Louis region comes to an end this month, when he moves to Ohio to take over the reins of the Columbus Partnership on Jan. 13.
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“Every neighborhood deserves to benefit from this investment,” St. Louis Mayor Tishaura Jones said.
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He was the organization's first CEO after five local economic development organizations merged into a single entity.
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The Railway Exchange building has been vacant since 2014 and has become a high-profile downtown eyesore riddled with trespassing and other crime.
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The old paradigm in downtown St. Louis, that of a central business district with millions of square feet of office space, has faltered in recent years.
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St. Louis business leaders announce financial incentives aimed at bringing businesses downtown. They say $350,000 in grants and other incentives could attract retail shops, restaurants and pop-up enterprises.
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Lambert’s relationship with Southwest Airlines has helped the airport reestablish passenger traffic after losing its TWA hub in the 2000s. That rebound now helps the airport drive 5.5% of the region’s gross domestic product.
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“You cannot move forward if everybody else does not have the opportunity to move forward. That was a major philosophical shift to address racial and spatial inequities that have held this region back for far too long,” said one leader.