St. Louis Commission Approves Tax Incentives for $2 Billion Project

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Nearly $168 million in public aid to help grow the CORTEX technology district gained a city panel’s approval after the mayor extended minority workforce goals for such projects.

The Tax Increment Financing Commission voted 8-0 on Wednesday to approve CORTEX’s request for TIF assistance in its $2 billion plan to transform the 187-acre Central West End district over the next two decades.

CORTEX’s goal is turn the area of old warehouses and factories east of Barnes-Jewish Hospital into a hub for technology and medical research.

Read more on St. Louis Post-Dispatch and the St. Louis Beacon.


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