Morning Minutes: Kemper Arena plan dropped, Koster denies impropriety

The future of Kansas City's Kemper Arena is at the center of a debate between two groups. | Photo courtesy of Americasroof/Wikimedia Commons
The Foutch Brothers group has dropped its plan to redevelop Kemper Arena as a youth sports complex. | Courtesy of Americasroof/Wikimedia Commons

Here are today’s top business headlines from across Missouri:

Kemper Arena renovation plan dropped, demolition likely

The Foutch Brothers development company has dropped its plan to save Kansas City’s Kemper Arena and retool it as a regional youth sports facility. Meanwhile, a Kansas City Council committee leader said he would recommend that the city pump $20 million into a rival American Royal plan instead.

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Missouri’s business tax burden worsens in national ranking

Missouri ranks 17th in the Tax Foundation’s State Business Tax Climate Index, down from 15th two years ago and 14th three years ago. The report is based on the states’ corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes and property taxes.

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KC-area financial services company hiring 160

Leawood, Kan.-based Mariner Holdings has 60 job openings throughout the firm and also plans to hire 100 new advisers and business development consultants in the next six months. The firm already has hired 100 professionals this year, and it’s adding $8 billion in assets under management in 2014, along with several new services.

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Environmental groups sue to stop nuclear plant relicensing

A week after the Nuclear Regulatory Commission began relicensing nuclear power plants, environmental groups and several states including Missouri are again suing to stop it. The latest litigation affects several utilities, including Ameren Missouri, that have been waiting for a decision from the agency.

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Koster denies exchanging political favor for campaign contributions

Missouri Attorney General Chris Koster denied that he halted an investigation into 5-Hour Energy because its lobbying firm donated money to his campaign. Koster said a report published by the New York Times “misrepresents the facts” and distorts events “to create an appearance of impropriety where none exists.”

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