Missouri Minute: KC-St. Louis route finalist for Hyperloop; prevailing wage meets opposition

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

Across Missouri in 23 minutes? KC-St. Louis route named Hyperloop One semifinalist

The 240-mile route between Kansas City and St. Louis is one of 35 semifinalists in the Hyperloop One Global Challenge, which asked applicants from around the world to make their case for getting a Hyperloop route in their city or region. Los Angeles-based Hyperloop One is a private company with a mission of transforming transportation through its ultra-fast Hyperloop system, which the company says could carry passengers between Kansas City and St. Louis in 23 minutes. Read more

More money for Missouri, fewer possible budget problems for lawmakers

Despite recent discussions about Missouri’s shaky income numbers, the state’s revenue collections have picked up significantly in recent months, which could help ease legislators’ concerns as they finish fashioning a budget for the fiscal year that begins July 1. As of March 31, general revenue collections for the current fiscal year are up 4.3 percent compared to a year ago. The latest official estimate for this fiscal year had called for only 3 percent growth. Read more

Contractors make case against prevailing wage repeal

Union and non-union contractors are voicing their opposition to a Missouri House proposal to eliminate a minimum wage requirement for public works projects. The Coalition of Construction Contractor Associations, representing around 100,000 Missouri workers, told reporters in Jefferson City Wednesday what a proposed repeal of the prevailing wage could mean for workers. Read more

Developer plans KC’s first all-micro-apartment project

UC-B Properties, a Kansas City-based developer, received a unanimous rezoning recommendation from the City Plan Commission on Tuesday for the city’s first all-micro-apartment project. The firm plans to construct a building with 47 apartments that are 300 square feet each and will rent for about $800 per month. Called Scholars Row, the roughly $4 million project is designed to fill a housing need among young professionals, students and visiting doctors and researchers working at nearby institutions. Read more

Large turnout in St. Louis defeated soccer stadium plan

Almost 60,000 St. Louis voters cast ballots Tuesday — the highest turnout for an April city election in decades. And that large turnout contributed to the defeat of a proposal to build a Major League Soccer stadium in the city. Consultants had told the St. Louis FC ownership group they would need more than 20,000 “yes” votes to succeed. They got more than 27,000 and still lost by about 3,300 votes. Read more

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