ST. LOUIS, MO (KTVI) - The Baseball Cardinals moved one step closer Wednesday to acquiring a larger tax break for phase 2 of the Ballpark Village project. The St Louis City Board of Alderman Housing, Urban Development and Zoning Committee approved the amended plan by a vote of 8 to 1. It authorizes a $16 million increase in tax benefits over the original plan. That revenue will come from sales taxes paid by patrons using Ballpark Village businesses. Concerns remain over whether the project gives special advantages to companies and retailers who are not part of a TIF, tax increment financing project. Phase 2 at Ballpark Village will add a luxury apartment tower on the east, class A office space on the west and a market and event space property to the north of the existing baseball diamond shaped park. Members of the committee carefully questioned Cardinals president Bill DeWitt III over whether jobs and tax revenue generated in the project would be new or transferred from another part of town.
The full board will take up the measure for debate a week from Friday.