Missouri Minute: TIF Commission approves KC convention hotel; Sprint to raise $3.5B

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

Downtown KC convention hotel projects gets blessing from TIF Commission

The Tax Increment Financing Commission of Kansas City on Wednesday approved a development agreement for a proposed downtown convention hotel, a step that backers described as a sign of progress toward realizing the long-sought project. Read more

Sprint plans to raise $3.5B through sale-leaseback of airwaves

Sprint Corp. announced Wednesday that it’s mortgaging about 14 percent of its wireless airwaves, which is expected to raise billions of dollars. Read more

Latest campaign finance reports show Kander raising more, Blunt spending more

Excluding independent spending by outside groups, Democratic U.S. Senate candidate Jason Kander is still out-raising the man he hopes to defeat, Republican U.S. Sen. Roy Blunt, in the race for one of Missouri’s Senate seats. But in one of the nation’s most closely watched Senate contests, Blunt is the biggest spender as the candidates head into their final weeks before the Nov. 8 election. Read more

St. Louis biotech startup PierianDx acquires Utah software company

PierianDx, a biotech startup based in St. Louis, has acquired Tute Genomics, a genomics software company based in Provo, Utah. Read more

Monsanto’s smaller rivals see big opportunity amid M&A

Farmers may be worried about the multibillion-dollar deals transforming the agriculture industry, but independent seed companies see the consolidation as an opportunity. Read more

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