Wow, I had no idea my comments on UrbanStLouis.com could have such an impact.Arch City wrote:^With comments like that it's no wonder why big developments like this don't come to fruition in St. Louis often.
If St. Louis had even a tenth of the level of real estate investment that Atlanta does, I might not doubt it either. Someday, hopefully, but we are still a long way away.Arch City wrote:I seriously doubt Atlantans doubted the grand plan for Atlantic Station, which is about 75% complete.
No, Pinnacle hasn't requested tax incentives for this project...yet, but just wait.Arch City wrote:Huh? jlblues, Phase I of Lumiere Place came with no tax incentives from the city or state and the expanded plans for Phase II were announced long after the city selected Pinnacle for the casino/hotel complex.
Remember the city putting endless obstacles in front of Columbia Sussex in their quest to take over the President Casino, thus securing a third license for Pinnacle? Remember how easily Pinnacle acquired all of that property east of 1st street, under threat of eminent domain, and how easily Pinnacle got permission to build their tunnel under Hwy. 70, on public land? Remember the city lobbying hard to get the loss limits repealed (which is where some of the future backscratching comes in)? And I don't remember the city raising any objections to Pinnacle's rape of the Landing with the design of their casino complex and their decision to level all but one of the few remaining historic buildings north of the MLK bridge to build a massive parking lot. Do you? No, Pinnacle hasn't received anything from the city in exchange for their promises.
Just wait until the loss limit issue comes up for vote again. You can be sure that model will be repeatedly paraded in front of every state legislator and will find it's way into every local news report around the state.







