Missouri Minute: St. Louis approves subsidies for Ballpark Village expansion; FTC sues businessman for selling fake debt

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

St. Louis approves subsidies for Ballpark Village expansion

The St. Louis Board of Aldermen granted the St. Louis Cardinals and the team’s development partner, Cordish Co., $16 million in tax incentives as the team looks to build a second phase of downtown’s Ballpark Village. Read more

FTC sues brother of Leawood payday loan magnate for selling fake debt

The Federal Trade Commission has accused Johnson County businessman Joel Tucker in a lawsuit of selling counterfeit debt portfolios to collection agencies and causing consumers to pay up on loans they did not owe. Read more

Office expansion, hotels fuel Maryland Heights building boom

Maryland Heights, second in hotel rooms in the St. Louis region behind only the city of St. Louis, is adding several more, bringing it to 4,000 hotel rooms. Those additions, as well as multimillion-dollar headquarters expansions by World Wide Technology and Watlow, have fueled an unprecedented boom in development and construction this year. Read more

New leader of St. Louis VA tries to stabilize embattled health care agency

After the search for a new leader of the Veterans Affairs St. Louis Health Care System dragged on for more than three years, Keith Repko is settling into his role as top executive of the health care system. Repko is tasked with addressing a variety of issues troubling the system, where he oversees a $440 million budget and 3,000 employees. Read more

Two longtime Kansas City popcorn companies prosper each December

For some reason — perhaps its proximity to the corn-growing meccas of the Midwest — Kansas City is a capital of popcorn, with two longstanding companies turning out tons of it every year, especially during the holiday season. Read more

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