Here's a portion of the letter...
Letter to the Editor: High-rise plan 'should be stopped in its tracks'
Posted Wednesday, September 28, 2005
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To the editor:
It was disturbing to learn from the West End Word that a proposed 28-story building at Lindell and Euclid, site of the Heart Association building, was endorsed by Alderman Lyda Krewson without any input from the neighborhood. And that the endorsement and that of Barbara Geisman of the mayor's office was given at a meeting of the Tax Increment Financing Commission, which then gave an initial approval to the project, despite the fact that TIF is tax abatement designed to encourage development in "distressed" areas.
To read more: High-rise plan 'should be stopped in its tracks'
In her commentary, she suggests that TIF is typically used for economically distressed areas, which is true but isn't always the case based on the way TIF law is currently written in Missouri. Furthermore, the whole City of St. Louis is economically distressed despite major improvements and rebuilding. She even acknowledged in her commentary that the city is losing tax revenue. So how do you rebuild the tax base? TIF is part of the solution. TIF is not a gift.
------->St. Louis TIF Law<-------
Is St. Louis City as distressed as East St. Louis, Illinois which in totality is a Federal Empowerment Zone, Enterprise Community, and TIF Zone? No, but St. Louis City is far from economically stable ? despite fairly stable areas such as CWE. Projects like this will only help the city and the CWE. Despite its ability to be fairly stable, portions of the CWE still need lots of work. Also, TIF's are being given to economically distressed areas ? Grand Center, countless projects in North and South City, and The Bottle District - where it is truly needed.
1. Until TIF law is modified, developers will continue to seek TIF in communities where there's little to no true economic distress ? Richmond Heights, Des Peres, Chesterfield, O'Fallon etc. Sorry, but the CWE (which is in the City of St. Louis) qualifies until the law changes.
Patti Teper is really wasting her breath here. Don't blame the city or Krewson for TIF law. And in all honesty, it is being used appropriately. Are there more distressed areas in the city? Surely. But the city as a whole is distressed. Developers are likely to build in areas like the CWE then funnel outward.
2. What's up with the reference to the Cathedral? Is she playing on the sympathies of Catholics and religious types in St. Louis by suggesting that this building will dwarf the St. Louis Cathedral? If so, what an absolute scam. Big deal. What does the height of the proposed building have to do with anything except the Cathedral probably being her personal sentimental building along Lindell? I like The Best Western Inn at the Park and there should be no buildings taller than The Best Western Inn at the Park on Lindell (sarcasm). Anyway, St. Patrick's Cathedral in New York City is dwarfed 10x's over.
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Granted this is one NIMBY, who probably does really care about her community, but her points just do not make any sense. People come in to help rebuild your city, its population, and essentially its tax base and you moan over a 28-story building on a totally appropriate corner that's damn near a mile from the St. Louis Cathedral?
Letter to the Editor: High-rise plan 'should be stopped in its tracks'
Posted Wednesday, September 28, 2005
E-mail this page Printer-friendly page
To the editor:
It was disturbing to learn from the West End Word that a proposed 28-story building at Lindell and Euclid, site of the Heart Association building, was endorsed by Alderman Lyda Krewson without any input from the neighborhood. And that the endorsement and that of Barbara Geisman of the mayor's office was given at a meeting of the Tax Increment Financing Commission, which then gave an initial approval to the project, despite the fact that TIF is tax abatement designed to encourage development in "distressed" areas.
To read more: High-rise plan 'should be stopped in its tracks'
In her commentary, she suggests that TIF is typically used for economically distressed areas, which is true but isn't always the case based on the way TIF law is currently written in Missouri. Furthermore, the whole City of St. Louis is economically distressed despite major improvements and rebuilding. She even acknowledged in her commentary that the city is losing tax revenue. So how do you rebuild the tax base? TIF is part of the solution. TIF is not a gift.
------->St. Louis TIF Law<-------
Is St. Louis City as distressed as East St. Louis, Illinois which in totality is a Federal Empowerment Zone, Enterprise Community, and TIF Zone? No, but St. Louis City is far from economically stable ? despite fairly stable areas such as CWE. Projects like this will only help the city and the CWE. Despite its ability to be fairly stable, portions of the CWE still need lots of work. Also, TIF's are being given to economically distressed areas ? Grand Center, countless projects in North and South City, and The Bottle District - where it is truly needed.
1. Until TIF law is modified, developers will continue to seek TIF in communities where there's little to no true economic distress ? Richmond Heights, Des Peres, Chesterfield, O'Fallon etc. Sorry, but the CWE (which is in the City of St. Louis) qualifies until the law changes.
Patti Teper is really wasting her breath here. Don't blame the city or Krewson for TIF law. And in all honesty, it is being used appropriately. Are there more distressed areas in the city? Surely. But the city as a whole is distressed. Developers are likely to build in areas like the CWE then funnel outward.
2. What's up with the reference to the Cathedral? Is she playing on the sympathies of Catholics and religious types in St. Louis by suggesting that this building will dwarf the St. Louis Cathedral? If so, what an absolute scam. Big deal. What does the height of the proposed building have to do with anything except the Cathedral probably being her personal sentimental building along Lindell? I like The Best Western Inn at the Park and there should be no buildings taller than The Best Western Inn at the Park on Lindell (sarcasm). Anyway, St. Patrick's Cathedral in New York City is dwarfed 10x's over.


More hype. God, I despise an unprogressive small town mentality. Has she been anywhere in the world? ANYWHERE?Such a behemoth towering over the Central West End would, if anything, lower surrounding property values.
Granted this is one NIMBY, who probably does really care about her community, but her points just do not make any sense. People come in to help rebuild your city, its population, and essentially its tax base and you moan over a 28-story building on a totally appropriate corner that's damn near a mile from the St. Louis Cathedral?
No ma'am. You should be stopped in your tracks. You have a total misunderstanding of how TIF works and what Krewson is trying to do for your neighborhood and the city. Hello?!?! They are trying to reverse revenue loss. And can you or anyone provide, in writing, an ordinance or community standard that suggests the current height around Maryland Plaza is to be preserved? I can't find anything. Look on the bright side, maybe this building will block your view of the other 26-story tower rising a block away.Why does Krewson represent City Hall instead of the neighborhood? Why would the city, already suffering from a loss of tax revenue, offer a developer financial assistance to build in the most affluent part of the city? Why was the importance of preserving current building height around Maryland Plaza totally disregarded? This project is ill advised and should be stopped in its tracks!





