Not sure if anyone saw this, but looks like Bond is going to be working to promote business and trade between STL and Asia...
http://www.fox2now.com/news/ktvi-former ... 7978.story
http://www.fox2now.com/news/ktvi-former ... 7978.story
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I've had some family issues and haven't been following this.
It sounds like it isn't going well.
It sounds like it isn't going well.
More like it "didn't" go well. This is doneski
PS I hope everything works out for you and your family
PS I hope everything works out for you and your family
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Thanks.
This is probably my Grandpa's last Christmas, so it'll get worse before it gets better.
This is probably my Grandpa's last Christmas, so it'll get worse before it gets better.
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What if the subsidies are rekindled in the next session?rawest1 wrote:More like it "didn't" go well. This is doneski
PS I hope everything works out for you and your family
Well, it was on the agenda during the last regular session. Then it they specifically made a special session to discuss it, and still couldn't come to any consensus.moorlander wrote:What if the subsidies are rekindled in the next session?rawest1 wrote:More like it "didn't" go well. This is doneski
PS I hope everything works out for you and your family
You can keep thinking maybe next time it'll happen, but I don't share that optimism.
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Do you share the optimism now?rawest1 wrote:Well, it was on the agenda during the last regular session. Then it they specifically made a special session to discuss it, and still couldn't come to any consensus.moorlander wrote:What if the subsidies are rekindled in the next session?rawest1 wrote:More like it "didn't" go well. This is doneski
PS I hope everything works out for you and your family
You can keep thinking maybe next time it'll happen, but I don't share that optimism.
Xi Jinping is making a trip to the US, current Chinese VP, will soon be president.
He is making a trip to Iowa to talk ag as part of the trade mission of the visit.
He is not coming to St. Louis... Thanks outstate! now lets get that puppy mill ban repealed &
He is making a trip to Iowa to talk ag as part of the trade mission of the visit.
He is not coming to St. Louis... Thanks outstate! now lets get that puppy mill ban repealed &
Could the people of Illinois be angling in on Missouri's missed opportunity? Funny how St. Clair County is proposing a bond issue larger than the whole state of Missouri was. Missouri needs to get it together when it comes to infrastructure and economic development. Either way St. Louis would benefit from this being in the Metro East. Could this be the St. Louis business community's plan B?
link: http://www.bnd.com/2012/02/21/2068171/c ... erica.html
link: http://www.bnd.com/2012/02/21/2068171/c ... erica.html
No. There have been absolutely no developments to convince me that anything different might happen from the last two times we were hoping this would make it through the MO legislature.moorlander wrote:
Do you share the optimism now?
NPR had a pretty good story outlining Xi Jingping reason for picking IOWA - between DC and Los Angeles stops. Pretty good story on how a visit from minor provincial official that was part of an ag delegation can be meaningful in the future. On the previous trip, his delegation actually spent some nights on Iowa farms as part of their ag tour and Xi remembers fondly one of the families he spent the night with.beer city wrote:Xi Jinping is making a trip to the US, current Chinese VP, will soon be president.
He is making a trip to Iowa to talk ag as part of the trade mission of the visit.
He is not coming to St. Louis... Thanks outstate! now lets get that puppy mill ban repealed &
China cargo plan gets new life in Mascoutah
The chase for the elusive China cargo hub continues in the St. Louis region.
St. Clair County officials are now considering issuing more than a half billion dollars in bonds for a development project at the MidAmerica St. Louis Airport in Mascoutah that its backers say would spur international cargo flights.
If granted, the project would stimulate commerce at the Metro East airport, which has been under-used since it opened in 1998.
Chesterfield development consultant Gary Andreas, one of the founders of Strategic Air Cargo Inc., said the company has been working on the plan for more than three years. The airport’s location near highways and its 10,000 foot runway make it ideal for cargo, Andreas said.
link: http://www.stltoday.com/business/local/ ... 0f31a.html
The chase for the elusive China cargo hub continues in the St. Louis region.
St. Clair County officials are now considering issuing more than a half billion dollars in bonds for a development project at the MidAmerica St. Louis Airport in Mascoutah that its backers say would spur international cargo flights.
If granted, the project would stimulate commerce at the Metro East airport, which has been under-used since it opened in 1998.
Chesterfield development consultant Gary Andreas, one of the founders of Strategic Air Cargo Inc., said the company has been working on the plan for more than three years. The airport’s location near highways and its 10,000 foot runway make it ideal for cargo, Andreas said.
link: http://www.stltoday.com/business/local/ ... 0f31a.html
Have McKee and MidAmerica picked up the ball where Lambert and Missouri failed? Either way it is good for the St. Louis region if the China Cargo Hub can still come to fruition in some capacity. Maybe Illinois would be interested in alleviating some of their congestion in Chicago and use Metro East as a secondary hub.
Got the impression that McKee was not part of this or didn't have any stake in Strategic Air Cargo, Inc. I'm I missing something Goat?goat314 wrote:Have McKee and MidAmerica picked up the ball where Lambert and Missouri failed? Either way it is good for the St. Louis region if the China Cargo Hub can still come to fruition in some capacity. Maybe Illinois would be interested in alleviating some of their congestion in Chicago and use Metro East as a secondary hub.
Dubious of the plan, the bond issue as described in the article appears as if they are intending to fund a startup completely from skratch. New hanger, new warehousing, new offices, and new planes. In other words, my gut feeling is that private equity doesn't want to touch this business plan.
In other words, feel that Missouri's $60 million tax credit proposal for exports to go along with an agreement already in place between Lambert and China airlines seems like doable plan that has a better chance of succeeding in the long run. However, that would require Missouri GOP & Gov Nixon to come to its senses and start reforming tax credits so they could fund incentives that actually bring jobs as well as keep a budget in place for education (UMSL chemistry lab or business school for starters)and maybe even an infrastructure project or two (repave I-70 as is instead of MoDOT's wish list and add an extra Missouri Mule across the rails). I recall that a couple sessions ago that they appropriated funding for rehabbing the old McDonald Facility into a Cargo Facility at $25-$30 million. That funding and the tax credit would be a fifth of what is being proposed with the real possibility of seeing 1 to 3 weekly cargo flights coming into Lambert. Then again preaching to what we already know is a good plan on this blog
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After a lengthy quiet time, we now have TWO developments in relatively rapid succession...
MO: Freight Forwarders Incentive Act (HB 1476) has unanimously passed committee with a "do pass" vote and is an option for the General Assembly to pick up for a full vote. That is, of course, if MO legislative "leadership" pushes to put it on the GA's calendar, or if they buckle to special interests and the harpings of a few "no-nothings".
- $60M strictly for freight forwarders, allocated over 8 years.
- No real opposition for it exists so far, not even from Show-Me Institute. Then again, with MOSIRA being declared unconstitutional yesterday, the sabre-rattling "no tax credits for anything!" cabal may step up again...
IL: $550M in conduit bonds are being sought for MidAmerica, passing two Saint Clair County subcommittees and going before the entire County Council for a rapid vote on Monday... Holy crap! Surprise!!!
- Happening very fast. How much is time of the essence here?
- KMOV already is naysaying it, like they always do to anything new ("Is this from Nigeria?" Jackasses.) They know nothing, so they "no-nothing" as best they can.
- Doesn't look like McKee or McEagle, but who really knows. Who owns the land adjacent to MidAmerica, north side of 64?
- They're buying four 747s as well? They're starting their own damn airline? Wow, simply wow.
And yes, as Goat so ably notes, this is nearly $200M more than what THE ENTIRE STATE OF MISSOURI was looking to invest in a Trade Hub. This would be an absolute monster of a turnaround.
Dredger: When you say "private equity", do you mean the monies of those behind this Strategic Air Cargo outfit, or are you thinking there was a pursuit of outside funding from traditional P/E firms?
With that in mind... Strategic Air Cargo is asking for $550M. I wonder how much of their own money they're putting into this. For all we know, they could have made the rounds of P/E firms in NYC and are seeking a match. Trying not to speculate too much, but who really knows right now...
Addendum: I have it on very, very good authority that, if MO would have passed the Trade Hub legislation when it was first brought forward, then we would have TWO air cargo agreements signed already... One with China Cargo... One with a Latin American cargo outfit whose name has been kept super-quiet... Both of which would have signed by now. Multiple flights in and out on a daily basis already between them. This deal was always much bigger than a "China Hub", a lot more than we allowed ourselves to believe.
While STL may be subject to the chicanery of legislators from Perryville, Columbia, and Cape, IL is ready to seize this opportunity that East Asia and Latin America desperately want to sign right now.
MO: Freight Forwarders Incentive Act (HB 1476) has unanimously passed committee with a "do pass" vote and is an option for the General Assembly to pick up for a full vote. That is, of course, if MO legislative "leadership" pushes to put it on the GA's calendar, or if they buckle to special interests and the harpings of a few "no-nothings".
- $60M strictly for freight forwarders, allocated over 8 years.
- No real opposition for it exists so far, not even from Show-Me Institute. Then again, with MOSIRA being declared unconstitutional yesterday, the sabre-rattling "no tax credits for anything!" cabal may step up again...
IL: $550M in conduit bonds are being sought for MidAmerica, passing two Saint Clair County subcommittees and going before the entire County Council for a rapid vote on Monday... Holy crap! Surprise!!!
- Happening very fast. How much is time of the essence here?
- KMOV already is naysaying it, like they always do to anything new ("Is this from Nigeria?" Jackasses.) They know nothing, so they "no-nothing" as best they can.
- Doesn't look like McKee or McEagle, but who really knows. Who owns the land adjacent to MidAmerica, north side of 64?
- They're buying four 747s as well? They're starting their own damn airline? Wow, simply wow.
And yes, as Goat so ably notes, this is nearly $200M more than what THE ENTIRE STATE OF MISSOURI was looking to invest in a Trade Hub. This would be an absolute monster of a turnaround.
Dredger: When you say "private equity", do you mean the monies of those behind this Strategic Air Cargo outfit, or are you thinking there was a pursuit of outside funding from traditional P/E firms?
With that in mind... Strategic Air Cargo is asking for $550M. I wonder how much of their own money they're putting into this. For all we know, they could have made the rounds of P/E firms in NYC and are seeking a match. Trying not to speculate too much, but who really knows right now...
Addendum: I have it on very, very good authority that, if MO would have passed the Trade Hub legislation when it was first brought forward, then we would have TWO air cargo agreements signed already... One with China Cargo... One with a Latin American cargo outfit whose name has been kept super-quiet... Both of which would have signed by now. Multiple flights in and out on a daily basis already between them. This deal was always much bigger than a "China Hub", a lot more than we allowed ourselves to believe.
While STL may be subject to the chicanery of legislators from Perryville, Columbia, and Cape, IL is ready to seize this opportunity that East Asia and Latin America desperately want to sign right now.
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^Great to see you back, GC! I was actually about to throw an APB out to see if you were still around. Hadn't heard anything for a while 
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Ha, thanks. Started my own company recently (knock wood). All work and no play makes me less of a contributor. But, after seeing these articles & after a recent conversation with someone in the know, I had to hop back in and call out.newstl2020 wrote:^Great to see you back, GC! I was actually about to throw an APB out to see if you were still around. Hadn't heard anything for a while
I wish you wouldn't say stuff like this. All it does make me angry. (Not at yo...the powers that be)Addendum: I have it on very, very good authority that, if MO would have passed the Trade Hub legislation when it was first brought forward, then we would have TWO air cargo agreements signed already... One with China Cargo... One with a Latin American cargo outfit whose name has been kept super-quiet... Both of which would have signed by now. Multiple flights in and out on a daily basis already between them. This deal was always much bigger than a "China Hub", a lot more than we allowed ourselves to believe.
What are the odds of this House Bill resurrecting the China hub? Or is it too little too late, no saving it?
And how does (Madison?) county come up with $550MM in bonds and STL City/County couldn't come up with $160MM? Okay, I feel naive asking this.
And how does (Madison?) county come up with $550MM in bonds and STL City/County couldn't come up with $160MM? Okay, I feel naive asking this.
Glad to see you back GC, hopefully your new endeavor is in ST. Louis area and you didn't have to move out of town like myself for the opportunity. Even though my wife is very content with the fact that her mother is making use of our house in Shrewsbury. I might be a prooperty tax paying citizen of St. Louis county for a very long time.gone corporate wrote:After a lengthy quiet time, we now have TWO developments in relatively rapid succession...
Dredger: When you say "private equity", do you mean the monies of those behind this Strategic Air Cargo outfit, or are you thinking there was a pursuit of outside funding from traditional P/E firms?
Addendum: I have it on very, very good authority that, if MO would have passed the Trade Hub legislation when it was first brought forward, then we would have TWO air cargo agreements signed already... One with China Cargo... One with a Latin American cargo outfit whose name has been kept super-quiet... Both of which would have signed by now. Multiple flights in and out on a daily basis already between them. This deal was always much bigger than a "China Hub", a lot more than we allowed ourselves to believe.
While STL may be subject to the chicanery of legislators from Perryville, Columbia, and Cape, IL is ready to seize this opportunity that East Asia and Latin America desperately want to sign right now.
Trying to read between the lines from a financing point of view, its still going to take someone's money and the authorities make it clear that they are not on the hook for obvious political reasons. So, the questions in my mind. The county/authorities doing it because private investors/equities, banks and so forth have already said nada to begin with and they are trying to legitimize the proposal? And will anybody buy the bonds without any backing, obligation, and so forth? Yes, they will have the advantage of tax exempt but you still got a lot lot of risk with this proposal as it worded in the article.
And going to your addendum comments, Still amazed what Missouri could accomplish with an investment at fraction of the cost - The $60 million tax credit deal with a modest Lambert investment to rehab the old McDonald Douglas facility ($25-30 million dollar committment) along with agreement already signed (airplanes from an establish carrier). All the pieces are there,
St. Louis exports projected to surge
BY TIM LOGAN • tlogan@post-dispatch.com > 314-340-8291 STLtoday.com | Posted: Friday, February 24, 2012 12:15 am
Exports from metro St. Louis are projected to grow 71 percent over the course of this decade, according to a new report issued today by the U.S. Conference of Mayors.
While expanding global trade is expected to drive a quick clip of export growth nearly every place, St. Louis' pace is one of the fastest among major U.S. metro areas, largely due to the strength of the chemicals and advanced manufacturing industries here. The report – prepared by economic forecasting firm his Global Insight – projects that the region's global exports will climb from $11.1 billion in 2010 to about $19 billion in 2020. For comparison, the output of the entire St. Louis-area economy in 2010 was $129.7 billion, according to the Commerce Department.
Increasing demand around the globe for things like fertilizer, pharmaceuticals and plastics will help grow exports here, said Karl Kuykendall, one of the economists who authored the study.
“We think the potential for chemicals exports over the next decade is very bright,” he said. “That bodes well for St. Louis.”
link: http://www.stltoday.com/business/local/ ... f6878.html
BY TIM LOGAN • tlogan@post-dispatch.com > 314-340-8291 STLtoday.com | Posted: Friday, February 24, 2012 12:15 am
Exports from metro St. Louis are projected to grow 71 percent over the course of this decade, according to a new report issued today by the U.S. Conference of Mayors.
While expanding global trade is expected to drive a quick clip of export growth nearly every place, St. Louis' pace is one of the fastest among major U.S. metro areas, largely due to the strength of the chemicals and advanced manufacturing industries here. The report – prepared by economic forecasting firm his Global Insight – projects that the region's global exports will climb from $11.1 billion in 2010 to about $19 billion in 2020. For comparison, the output of the entire St. Louis-area economy in 2010 was $129.7 billion, according to the Commerce Department.
Increasing demand around the globe for things like fertilizer, pharmaceuticals and plastics will help grow exports here, said Karl Kuykendall, one of the economists who authored the study.
“We think the potential for chemicals exports over the next decade is very bright,” he said. “That bodes well for St. Louis.”
link: http://www.stltoday.com/business/local/ ... f6878.html
Maybe St. Louis is on a verge of an export boom? Obviously somebody knows something we dont, because half a billion aint peanuts!