Missouri Minute: KC convention hotel developers have loan agreement; Icahn to sell American Railcar Leasing

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

KC convention hotel developers say they have loan agreement, don’t need extension

In a good day for a proposed convention hotel in downtown Kansas City, its developers say they’ve obtained commitments for a loan and are under contract to purchase land for the project. Read more

Icahn to sell American Railcar Leasing for $3.4 billion

Icahn Enterprises LP, owned by billionaire investor Carl Icahn, has agreed to sell its St. Charles-based American Railcar Leasing LLC subsidiary to SMBC Rail Services in a cash deal worth up to $3.4 billion. Read more

Greitens blasts proposal for taxpayer-funded St. Louis soccer stadium

Missouri Gov.-elect Eric Greitens said he opposes public funding for a proposed Major League Soccer stadium in downtown St. Louis, according to a statement released by his transition team Monday. Read more

General Motors to idle Fairfax plant, 4 others; Wentzville not affected

General Motors will temporarily close its Fairfax assembly plant in Kansas City, Kansas, and four other factories next month as it tries to reduce a growing inventory of cars on dealer lots. The automaker’s plant in Wentzville will remain open. Read more

It’s not just Flint: Thousands of US areas afflicted with lead poisoning

A new Reuters investigation found nearly 3,000 areas with recently recorded lead poisoning rates at least double those in Flint during the peak of that city’s contamination crisis. Those hotspots include places in Missouri like St. Joseph in the northwest and Viburnum in the southeast. Read more

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