Missouri board backs tax credits for Gateway Arch

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JEFERSON CITY, MO (AP) – A Missouri board has endorsed up to $15 million of tax credits to help finance the redevelopment of the Gateway Arch in St. Louis.

The tax credits approved Tuesday by the Missouri Development Finance Board would be used to leverage private contributions for the renovation and expansion of a museum at the Arch. Approval is still needed from several state department directors.

The Gateway Arch was completed in 1965 and attracts about 2.5 million visitors annually. The Arch and its surrounding area are in the midst of a $380 million renovation.

While approving aid for the Arch, the state board decided to delay consideration of two other projects in Kansas City and one each in St. Louis and St. Joseph. The board cited uncertainty over state revenues.

5 comments

  • Therealbyebyetotherite

    Tax all the rich people 90 percent then the city’s would be fine and so would my ebt card

  • Ed Golterman

    “Tax credits to lure private donors/investors”? It is becoming clear the Arch, supported by federal tax dollars, Gateway Greenways bike-paths tax, and now by increased sales taxes collected in the City & County, is to draw people, and move them into Ballpark Village as quickly as possible so they can buy beer and food and stuff.. And the money will be ‘shared’. Not a good use of tax credits. Kind of how private interests ‘took over’ Forest Park. Also that combo is not very good for the rest of Downtown, not for the hotels, motels, restaurants nor for Union Station..

  • Joe

    Tax breaks for a federal park!!! I am sure KC and St. Joe love STL about now!! Reminds me of a sign I used to see off 70 in rural Missouri. “When Cardinals build highways, we will build stadiums!”

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