ST. LOUIS (KMOX) – The alderman pushing a plan for more tax breaks for Ballpark Village is sharpening his arguments ahead of hearings.
Downtown Alderman Jack Coatar admits there’s some opposition to developing Ballpark Village.
“The pushback is some from of my colleagues who simply would probably be opposed to any development project for downtown,” he says.
Under the plan, the Cardinals would get an extra $16 million in tax breaks to expand Ballpark Village on top of the $50 million they’re already getting. The bill has been assigned to committee, but no hearings are scheduled yet.
Coatar says those against all tax breaks for development don’t get it.
“I believe we do need to continue to develop and just simply saying ‘no’ to any sort of incentive and causing a halt of any sort of developmental activity downtown I don’t think will benefit downtown, the district I represent…nor the city of St. Louis.”
The fine print on the plan says the development would have to bring in “net new jobs” to the city. What it doesn’t say is the development must bring in net new jobs to the region, possibily luring companiesfrom the county back to the city.
“We’ve lost a lot of business from downtown to the county in the past years, it would be great to get some of them back,” Coatar says.
He hopes to get a deal done by Christmas.
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