I noticed last night that there is a backhoe parked in the parking lot. From MayorSlay.com:
The Jefferson and I-44 proposal involves the reconstruction of a handsome mixed use building, the Union Club, that was located on the site before the tornado of 1896 took it away. The new facility will include condos and retail space. An interesting element of the plan is a ?nearly-inked? deal for a new Nelly/sports-themed restaurant concept, with several major St. Louis sports figures as prospective investors. The restaurant concept includes a flat-screen TV at every table, as well as facilities where local amateur sports teams can hold banquets. E&A reps will be reviewing the pro formas over the next 45 days to determine the appropriate amount of the TIF.
On the opposite (northeast) corner, Mary "One" Johnson plans to replace a former gas station with a new office building that will house her real estate and development operations as well as retail and other businesses. After discussion between Mary "One" and members of the TIF Review Committee, Mary "One" will proceed with the development using tax abatement and a below-market-rate-interest loan rather than TIF.
The Jefferson and I-44 proposal involves the reconstruction of a handsome mixed use building, the Union Club, that was located on the site before the tornado of 1896 took it away. The new facility will include condos and retail space. An interesting element of the plan is a ?nearly-inked? deal for a new Nelly/sports-themed restaurant concept, with several major St. Louis sports figures as prospective investors. The restaurant concept includes a flat-screen TV at every table, as well as facilities where local amateur sports teams can hold banquets. E&A reps will be reviewing the pro formas over the next 45 days to determine the appropriate amount of the TIF.
On the opposite (northeast) corner, Mary "One" Johnson plans to replace a former gas station with a new office building that will house her real estate and development operations as well as retail and other businesses. After discussion between Mary "One" and members of the TIF Review Committee, Mary "One" will proceed with the development using tax abatement and a below-market-rate-interest loan rather than TIF.








