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PostAug 01, 2023#301

"We need to attract corporations to maintain our tax base"
vs
"We need to sacrifice our tax base to attract corporations"

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PostAug 01, 2023#302

As St Louis County’s and many of its municipality’s finances slip deeper into the red, merger with the city will become more attractive.

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PostAug 01, 2023#303

JaneJacobsGhost wrote:
Aug 01, 2023
As St Louis County’s and many of its municipality’s finances slip deeper into the red, merger with the city will become more attractive.
For some people, yes. For others, it will be even more reason to enforce their borders and maintain their own isolated fiefdoms.

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PostAug 02, 2023#304

Change is hard. Making the city and county one larger structure (like Nashville) would benefit the whole metro area and raise all property values more than any increase in county taxes might be to improve the center city.

But that’s hard to prove. Safer to lay low and stay with a constant lower standard of living than going for a surging metro that might benefit different neighborhoods unevenly.

And of course current politicians will use fear to drive us to the status quo that got them elected.


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PostAug 02, 2023#305

St. Louis County needs to get its house in order before I’d recommend anyone in the City support unification. That’s the reality of the situation now. The city is near the bottom looking up and the county is approaching the cliff of a long plateau.

If someone wants urban and walkable, they move to the city. If someone wants suburban, they move to St. Charles. St. Louis County has failed to maintain a value proposition.

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PostAug 02, 2023#306

addxb2 wrote:
Aug 02, 2023
St. Louis County needs to get its house in order before I’d recommend anyone in the City support unification. That’s the reality of the situation now. The city is near the bottom looking up and the county is approaching the cliff of a long plateau.

If someone wants urban and walkable, they move to the city. If someone wants suburban, they move to St. Charles. St. Louis County has failed to maintain a value proposition.
I’d disagree with this. There are plenty of walkable areas in the county. And there are plenty of suburban areas also. It’s a mix in county. I live in the county in a more walkable area and I have zero interest in ever moving to St. Charles or outside 270 for that matter. I also doubt I end up back in the city either unless it’s after my kids move out of the house.

That all said the county has issues it needs to straighten out and number one should be merging municipalities. Any under 10,000 people should be merged as soon as possible for starters.

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PostAug 02, 2023#307

Good luck getting St. Louis County's fiefdoms to start knocking down their own walls. 

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PostAug 03, 2023#308

Missouri governor hints at state incentives for Boeing in St. Louis County
Gov. Mike Parson on Thursday said securing Boeing’s commitment for an expansion in St. Louis County would be a “big deal” for the state, and hinted at possible state support for the plan.
“We’ve been in contact with Boeing and, you know, we’re going to see where that all ends up,” Parson told the Post-Dispatch on Thursday. “It’s pretty early.”
Said Parson, “I know there’s conversations with that and we kind of understand what Boeing’s wanting to do.”
The aerospace giant is considering a nearly $2 billion investment in St. Louis County that could bring in 500 jobs as the company looks to build the next generation of U.S. fighter jets.
https://www.stltoday.com/news/local/business/missouri-governor-hints-at-state-incentives-for-boeing-in-st-louis-county/article_bcf40372-3220-11ee-bd88-d78afa19df2c.html#tracking-source=home-the-latest

sc4mayor
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PostAug 08, 2023#309

Boeing nears deal with Lambert Airport on leasing about 154 acres for expansion
https://www.stltoday.com/news/local/bus ... -top-story
Hamm-Niebruegge said 102 acres of the property in the lease is the so-called Brownleigh site on the east end of the airport. She said the site, near Airport Road and James S. McDonnell Boulevard, is land bought over the years to reduce the effect of airport noise on nearby residents.

The remainder Boeing wants now for the project is on the airport's northern end and includes two vacant buildings used for manufacturing decades ago by the company's predecessor, McDonnell-Douglas. Presumably those buildings would be demolished because the lease would only be for use of the land.

The additional area that Boeing would have the option of leasing — about 28 acres — would be to the west of that site. Hamm-Niebruegge said that area now includes a hangar leased to Trans States Holdings, the owner of GoJet — a regional airline that works with United Airlines. Asked by a reporter how the Boeing option could potentially affect Trans States, Hamm-Niebruegge said that would be explained at Wednesday's airport commission meeting.
New estimate says Boeing would save millions more in St. Louis County tax break
https://www.stltoday.com/news/local/gov ... -top-story

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PostAug 09, 2023#310

Anyone know where they are wanting to expand? South of Airport Road maybe?

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PostAug 09, 2023#311

^ The Brownleigh Site (Kinloch noise abatement land) and the Northern Tract (old McD factories)…and apparently some more land to the west of the Northern Tract (Bridgeton noise abatement land).

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PostAug 09, 2023#312

Miss Shell wrote:
Aug 09, 2023
Anyone know where they are wanting to expand? South of Airport Road maybe?

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This link has the site plan.

https://www.flystl.com/document-portal- ... sting-info

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PostAug 09, 2023#313

That's amazing, and I'm glad that land will finally be put to use. I've always hated that the immediate areas surrounding the airport have turned into blighted decay. Now let's have someone look into that old subdivision across 270.

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PostAug 09, 2023#314

^ The airport will sell off the old Carrollton subdivision, however (at least the way I understand it) they’re not allowed to sell that noise abatement land until more of the debt from W1-W is paid off.

I’m sure one of our resident experts has more details, but if they were able to, I have no doubt the Airport would have unloaded it by now.

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PostAug 10, 2023#315

sc4mayor wrote:
Aug 09, 2023
^ The airport will sell off the old Carrollton subdivision, however (at least the way I understand it) they’re not allowed to sell that noise abatement land until more of the debt from W1-W is paid off.

I’m sure one of our resident experts has more details, but if they were able to, I have no doubt the Airport would have unloaded it by now.
I don’t know what is what but they can lease out this area now. RFP is going out soon.
9126044E-AB14-472A-9527-8D76A35F8941.jpeg (3.53MiB)

sc4mayor
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PostAug 10, 2023#316

^ Good to hear.

Boeing deal with Lambert calls for annual rent payments of at least $2.63 million
https://www.stltoday.com/news/local/bus ... -top-story
The Boeing Co. would pay at least $2.63 million a year to lease about 158 acres at St. Louis Lambert International Airport for a major expansion of its facilities here under a plan endorsed Wednesday by the city Airport Commission.  The lease calls for an initial rent payment in 2026 or when the aerospace giant begins using the new manufacturing complex it hopes to build, whichever is sooner.

After that, at least that amount would be paid annually during the remainder of the 17-year lease, totaling more than $39 million. In addition, there could be periodic increases in the rent tied to the consumer price index. Boeing would have options to continue the lease in five-year increments through 2070. "We look forward to working with Boeing for many years to come on this project," Airport Director Rhonda Hamm-Niebruegge said.
..........
The lease also gives Boeing the option of leasing an additional 28 acres, with an annual rent payment of about $369,000 plus inflation-related increases. That area now includes a hangar leased to Trans States Holdings, which operates GoJet, a regional airline that works with United Airlines.

Should Boeing's plan eventually require the relocation of Trans States, Boeing would pay as much as $41.3 million to design and construct a replacement facility.  Hamm-Niebruegge said in an interview that airport officials made it clear during negotiations with Boeing that it didn't want to lose Trans States.
Not a bad little revenue stream for the airport.

sc4mayor
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PostAug 14, 2023#317

Here are 8 things we know about the Boeing deal in St. Louis County
https://www.stltoday.com/news/local/gov ... -top-story

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PostAug 14, 2023#318

STL County really worked themselves in a pickle by denying property tax break for senior citizens in a same month they’re being asked to give Boeing $150,000,000 property tax break for 500 jobs. Good luck to all involved

sc4mayor
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PostAug 15, 2023#319

^ I agree, I’m quite upset my well off, senior aged parents, didn’t get the house tax break.

/s

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PostAug 15, 2023#320

Boeing had a $4.91b profit their last fiscal year.

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PostAug 15, 2023#321

Just approve both and move on….

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PostAug 15, 2023#322

^ The legislation will be reintroduced at the County Council tomorrow.
https://www.stltoday.com/news/local/gov ... bb559.html

Interesting that the senior tax break will actually cost the county existing revenue, when they’re already facing a sizable shortfall.

While the Boeing break would be on future development costs and associated tax breaks. Certainly not fair, but the un-incentivized portion of Boeing’s investment will pay far more in taxes than them not making said investment at all.
While Boeing is set to save an estimated $155 million in taxes over 10 years if the deal is approved, it will also pay the same amount in taxes. The public finance law firm helping broker the deal said the Ferguson-Florissant School District can expect to receive an estimated $79 million of that.
https://www.stltoday.com/news/local/gov ... -top-story

Funny how people are conflating the two lol.

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PostAug 15, 2023#323

moorlander wrote:
Aug 15, 2023
Just approve both and move on….
Or, just the one that will keep/create a bunch of jobs

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PostAug 15, 2023#324

You would be really struggling to make a case that 500 jobs Boeing will make would be higher than jobs created if 20% of county residents had an extra $1,000 a year to spend.

If 500 county residents said they’ll leave the region if they don’t get a tax cut on their property tax, would the county even consider it? No.  And that would cost much less then this Boeing thing


I’m all for this project, I’m just against bs arguments.

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PostAug 15, 2023#325

dbInSouthCity wrote:
Aug 15, 2023
You would be really struggling to make a case that 500 jobs Boeing will make would be higher than jobs created if 20% of county residents had an extra $1,000 a year to spend.

If 500 county residents said they’ll leave the region if they don’t get a tax cut on their property tax, would the county even consider it? No.  And that would cost much less then this Boeing thing


I’m all for this project, I’m just against bs arguments.
It furthers Boeing's investment in the region, making it that much harder to pull out.  

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