Clayton aldermen approve tax abatement for Centene project

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

CLAYTON, Mo. (AP) –¬†Aldermen in the St. Louis County seat of Clayton have approved about $75 million in tax breaks for Centene Corp., the health insurance company that plans to build a massive office complex for 2,000 additional workers.

The Clayton Board of Aldermen unanimously approved the tax abatement plan Tuesday. Centene plans to build two 30-story towers in downtown Clayton.

The company operates Medicaid programs for several states. The deal with Clayton reduces their future property taxes by 40 percent over a 20-year period.