St. Louis weighs $20M loan to keep federal military support agency in city

The City of St. Louis is considering taking out a $20 million loan to buy a swath of land on the city’s north side in hopes of attracting the new local office of a federal intelligence agency.

The National Geospatial-Intelligence Agency, or NGA, which handles mapping and intelligence support for the U.S. military, is moving from its current facility south of downtown to one of four St. Louis-area sites.

A bill introduced to the St. Louis Board of Aldermen proposes using three city buildings as collateral for the loan, which would enable the city to have option agreements on all the land within the proposed site in north St. Louis.

The location in north St. Louis is the only one within the city limits, and the city is hoping to keep the agency’s 3,100 employees, who pay about $2.4 million in earnings taxes per year.

Read more from St. Louis Public Radio

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