urbanSTL

25% BUT the max a project can get is $25m and this building wouldn’t qualify anyway, building has to be 750,000 sq +

Isn’t half of the allocation for buildings less than 750k sq ft?

STLAPTS wrote: ↑

2:45 AM - 14 days ago

Isn’t half of the allocation for buildings less than 750k sq ft?

It’s a bit confusing. That section since it’s been brought into HB 3231 has changed. Half is for buildings that are 750k ($25m) 25% is for
Main Streets (12.5m) and I guess this would maybe qualify for the final $12.5m but that $12.5m is statewide, no guarantee it would get it

dbInSouthCity wrote: ↑

3:00 AM - 14 days ago

STLAPTS wrote: ↑

2:45 AM - 14 days ago

Isn’t half of the allocation for buildings less than 750k sq ft?

It’s a bit confusing. That section since it’s been brought into HB 3231 has changed.  Half is for buildings that are 750k ($25m) 25% is for
Main Streets (12.5m) and I guess this would maybe qualify for the final $12.5m but that $12.5m is statewide, no guarantee it would get it

Thanks for the clarification.