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PostJul 09, 2007#176

As I've said numerous times, I agree with the MO Supreme Court ruling in this case. I do not think ED should have been used for this project. I'm just very disappointed at the kind of myopic reception Centene has received from a community in which it intended to invest hundreds of millions of dollars in expanded revenue. It's very frustrating, especially when we have lost so many corporate HQs in recent years.



And I really do wish it was as simple as saying, "Oh well, but there are so many other sites in St. Louis to choose from..." There's way more to it than that. Centene has a very bad taste in their mouth now. I'm sure they feel unappreciated and worse-- shunned. Worse yet, there are probably countless other cities/metros that are now falling over themselves to attract a company like Centene.



In my opinion, and I realize it can sound extreme, I think what happened with Centene is an illustration of backwards, fragmented and selfish thinking. When it comes to unifying St. Louis for a common goal of becoming a great city again, we have a long, long way to go.

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PostJul 09, 2007#177

JivecitySTL wrote:As I've said numerous times, I agree with the MO Supreme Court ruling in this case. I do not think ED should have been used for this project. I'm just very disappointed at the kind of myopic reception Centene has received from a community in which it intended to invest hundreds of millions of dollars in expanded revenue. It's very frustrating, especially when we have lost so many corporate HQs in recent years.



And I really do wish it was as simple as saying, "Oh well, but there are so many other sites in St. Louis to choose from..." There's way more to it than that. Centene has a very bad taste in their mouth now. I'm sure they feel unappreciated and worse-- shunned. Worse yet, there are probably countless other cities/metros that are now falling over themselves to attract a company like Centene.



In my opinion, and I realize it can sound extreme, I think what happened with Centene is an illustration of backwards, fragmented and selfish thinking. When it comes to unifying St. Louis for a common goal of becoming a great city again, we have a long, long way to go.


I'll admit that I don't know much about Centene, but I don't think we want businesses that rely on handouts from local governments in order to succeed. I don't think that governments should bend over backwards to accommodate them either.



Downtown St. Louis appeased Mercantile Bank and the May Company by tearing down the Ambassador and those white terra cotta buildings on Locust. Oops, those companies no longer exist...

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PostJul 09, 2007#178

Overall, I agree with Jive. I am at the point where I wish Centene and Edward Jones would pack up their sh*t and leave - teach St. Louis a *****' lesson as it continues to slip down to the same stature of Indianapolis and Columbus, Ohio.



Many cities would love to have Centene and Edward Jones.



No...corporations should not be able to run amok in the city/regions where they are headquartered. They should not be able to abuse city/regions or citizens either, but citizens should also realize that corporations serve a purpose in communities - which is why SO MANY cities will be vying for Centene. Although citizens have no control over corporate acquisitions and mergers, corporations are community assets and possibly losing them (Centene) SENSELESSLY like this is much worse than losing A.G. Edwards through a merger. In the case of Centene, the community actually has a little more control.



The property owners should do what is right for the region instead of themselves and get over it.

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PostJul 09, 2007#179

I really hope Centene stays in St. Louis. It would be a real shame if the metro lost 900 jobs due to 3 miniscule businesses. This is not meant to be a statement about eminent domain, but when you look at the numbers, that's just totally F.U.B.A.R. CENTENE, YOU ARE MORE THAN WELCOME IN (ACTUAL) ST. LOUIS! How bout the homeless death pits behind and next to parkside/cityside on Tucker and Olive? Somebody go smack Slay in the head and tell him to GIVE AWAY those wasted blocks to attract hundreds of new jobs and development for St. Louis!

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PostJul 09, 2007#180

Not one of Centenne's jobs would be located on the property they wanted to take from others. Instead, parking and retail would have been located on such property. Centenne already controls the land underneath their proposed new office buildings. It's the land underneath proposed accessory structures (parking and added commercial), which they don't own or control. So then to frame this loss of development as a loss for Centenne expansion is misleading. It's a loss that Centenne can't be the landlord of a major mixed-use redevelopment, but they still easily own enough land to expand their own operations.

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PostJul 09, 2007#181

That's pretty interesting, I was not aware of that. However, I do think that no one can deny the Centene development would be a hundred times better for Clayton and the metro area than the current building occupying the site.

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PostJul 09, 2007#182

southslider wrote:Not one of Centenne's jobs would be located on the property they wanted to take from others.


That's a bit shortsighted since parking is needed for additional jobs. Everyone seems to think that parking should just go underground, but doing so increases costs significantly. Maybe there's another way they could have done it, maybe not.

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PostJul 10, 2007#183

What if Centene did a land swap with USBANK on the opposite corner. The City of Clayton could help them control that entire waste of space east of the bank (including that but ugly pink building- the original was far better in IMHO), and allow them to go up 18+ stories. USBANK could have the old Library Ltd. building. Maybe a long shot, but definitely a nice site, even closer to Metro!

I feel as if I'm one of the more "pro private company" people on this forum. If I had my way, I'd exempt ANY company that moved to STL from paying taxes. Think Hong Kong, or Dubai. But as for gov't TAKING away someone's PRIVATE property, I just don't understand why anyone would be in favor of that..

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PostJul 10, 2007#184

The parking wouldn't need to go underground. If structured and above-ground, such parking may make their new offices taller, but it could all easily fit on the land they already control.

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PostJul 10, 2007#185

When it comes right down to it, I don't blame Centene for looking around nor do I blame the property owners for fighting the abuse of eminent domain or refusing to sell. I think the group to blame is the City of Clayton, who clearly believed that they could ramrod through this flimsy eminent domain case with few problems. As a result, more options to accommodate Centene in downtown Clayton were not pursued.



As for where Centene might land IF it decides to stay in the Metro (not at all a certainty), the following is my guesses in rank order:



1. Clayton

2. Creve Couer (With the HQ for Smurfit & Stone already, Centene would be a nice addition to their burgeoning downtown and a strong step toward becoming Clayton West, which is clearly Creve Couer's goal.

3. Chesterfield (With offices already in Chesterfield combined with the municipalities goal of becoming a regional player and the need to keep pace with the business development in Creve Couer, a flood plain campus is a reasonable outcome.)

4. North Park/ UMSL (Following the example set by Express Scripts)

5. Downtown St. Louis (Somehow I just don't see Centene coming downtown.)

5. Somewhere in St. Charles



One place not listed above, but that should go after Centene hard is Richmond Heights. In the late 1980's and mid 1990's RH used it highway access and proximity to Clayton to poach the big retail establishments from Clayton. Given the slowly reducing space available in Clayton for big office development (hence the need to use eminent domain) Richmond Heights should be working with both the Meridian developers and the developers of the Boulevard to put together options for Centene to locate in Richmond Heights.



As for where downtown, some have suggested the useless Gateway Mall land. While I doubt that would ever happen given the current leadership, I am not sure it is the best package the City could offer anyway. The best packages would involve proximity to the Ballpark, such as a location in the Ballpark Village (not what I would want to see, better to spread the development all around the ballpark), or the lots due east and west of the Stadium adjacent to 40. The lot to the east in particular would be a good choice as the Bizjournal reported a few months ago that this property is up for sale. It would offer good highway access, high visibility for the tower (and signage) with its location right on 40 and across from the Ballpark and the potential for the City or Centene to try and aquire part of the property south of 40 for the construction of a garage for the new office tower. While I think the City's chances are slim, I hope Slay and Co. are being aggressive in trying to lure Centene downtown.

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PostJul 10, 2007#186

^I hope that Slay & Co are being aggressive too. They should do everything within their power to make this happen. I like your idea of Richmond Heights. They should be going after this, too. Really, it is a no brainer and wish I had thought of it myself.

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PostJul 10, 2007#187

But as for gov't TAKING away someone's PRIVATE property, I just don't understand why anyone would be in favor of that..


This has a history as long as government itself. The thing that seems to get to people is governemnt taking away someone's private property to give to someone else. The Interstate highways, railroads, many government offices, harbors, airports, etc. etc. etc. etc. have involved that taking of private property for the "greater good".

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PostJul 11, 2007#188


Centene drops plan for $210M Clayton center



Centene Corp. said Friday the company is aggressively pursuing other alternatives after three property owners failed to respond to new offers for their Clayton properties.



The Missouri Supreme Court ruled on June 12 that properties Centene Corp. sought to purchase to make way for its $210 million headquarters were not blighted. In April, The Missouri Court of Appeals, Eastern District, overturned a lower court's decision regarding the definition of blight for three property parcels and sent the case to the state's highest court. Clayton's Board of Aldermen had earlier determined the redevelopment area between Forsyth Boulevard and Carondelet Avenue is blighted, allowing for the use of eminent domain.



Centene spokesman Robert Schenk said in a statement: "Centene has made generous offers to the three real estate investors that own the (three) Forsyth properties. Having failed to receive a response to its offers, the company is now aggressively pursuing other alternatives."


More here:



http://stlouis.bizjournals.com/stlouis/ ... rround=lfn



They should just look for another location, maybe the city or the meridian in brentwood. :roll:

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PostJul 11, 2007#189

This could end up being the greatest thing that has happened to the city in a long time! [-o< :wink:

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PostJul 11, 2007#190

^ How is losing Centene to another city the greatest thing to happen to St. Louis in a long time????

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PostJul 11, 2007#191

I'm assuming your assuming that the city of Clayton is losing it to the city of St. Louis. Long way to go before that happens, unless you read a different article than us and having been paying closer attention.

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PostJul 11, 2007#192

ChrisInDownTown wrote:I'm assuming your assuming that the city of Clayton is losing it to the city of St. Louis. Long way to go before that happens, unless you read a different article than us and having been paying closer attention.


That is what i was talking about, however, it was nothing more than a hopeful dream mixed with a bit of sarcasm.

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PostJul 11, 2007#193

To make themselves look good, Centene should publish the offers to the three property owners so that everyone will know that the owners turned down a fair offer (assuming the Centene offers were good).

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PostJul 12, 2007#194

Even if they gave me a market rate I wouldnt necessarily sell. The thing about having a huge corporation offer to buy your property is that if they offer you one amount of money, they will surely go higher. If they truely want it, you can hold out until you get alot more than its worth. Perhaps these people did this and Centene wouldnt go much higher. Instead they tried to get eminent domain and failed. Now theyre even more Pi$$ed...

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PostJul 12, 2007#195

Centene was offering the property owners approximately three times the market value of the property.

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PostJul 12, 2007#196

appraisalman wrote:Centene was offering the property owners approximately three times the market value of the property.


No, they did not even offer them market value, otherwise the buildings would have sold. They offered them three times the appraised value, but value is subjective. These people obviously valued the property more highly than others.

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PostJul 12, 2007#197

bullsh*t, if the property owners would of hired their own appraiser, they would of recieved a similar concluded value.

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PostJul 12, 2007#198

The term "market value" as used in the RE IS the sale price. Assuming it is an arms-length transaction. In certain cases (this one) the sale price can be significantly different than the market value.

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PostJul 12, 2007#199

wheelscomp wrote:Even if they gave me a market rate I wouldnt necessarily sell. The thing about having a huge corporation offer to buy your property is that if they offer you one amount of money, they will surely go higher. If they truely want it, you can hold out until you get alot more than its worth. Perhaps these people did this and Centene wouldnt go much higher. Instead they tried to get eminent domain and failed. Now theyre even more Pi$$ed...


I thought Centene made numerous offers to the propety owners, each one significantly higher than the previous. Can anyone clarify? I thought I remembered hearing 3 total offers.

PostJul 12, 2007#200

OH, and I have no idea if I'm the first person to bring this up or not...I went back down the thread a bit and didn't see anything but...SOMEONE PUT MCGOWAN WALSH IN A ROOM WITH THEIR MW TOWER AND CENTENE CORP. IMMEDIATELY!!!!!!!!! What better opportunity for them to get that building finished than now! If I'm right remembering the numbers from the MW thread I believe they were looking at needing to sign a client for the office space needing 300,000 plus sf of grade A office space.....THIS IS A PERFECT FIT! GET THAT TOGETHER IMMEDIATELY PLEASE! McGowan Walsh could offer them prime grade A office space in a new tower bound to get tons of nationwide publicity, and they could get signage rights to the top of the tallest building in St. Louis! I don't know exactly how much office space Centene was looking to build, but for God sakes at least get them together to talk it over. I'LL PAY FOR A DAMN DINNER! GO WHEREVER U WANT!



If there has ever been a chance for MW tower to ever cross over from a pipe-dream into a serious possibility, by God this is it!

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