RE: How much taxpayer $ will it take to keep it afloat?(nm)
Posted on: December 8, 2021 at 18:57:05 CT
Zoutastic MU
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The state of Missouri announced last June it would contribute up to $2.9 million in subsidies for a massive production facility planned for Chesterfield.
In May, St. Louis County approved issuing at least $88 million to as much as $130 million in Chapter 100 industrial development revenue bonds for the project, plus a 50% abatement on property taxes over 10 years and sales tax exemptions on construction materials and the purchase of personal property. The state of Missouri is also offering incentives.
It will do a lot of business. A luxury hotel is part of it & music & film executives are on record touting the location by Spirit of St. Louis.