The Ballpark Village development from the St. Louis Cardinals, to be located next to Busch Stadium, is a go after the Missouri Development Finance Board approved $17 million in tax incentives. The board’s vote, taken this morning, was 11-1. Construction will begin in November, as the rest of the financing of the $89-million project is all […]
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Development and ballparks: today’s good and bad news
A development expected to help pay off debt on Camelback Ranch-Glendale is going into foreclosure as the developers enters bankruptcy, while the St. Louis Cardinals are finally ready to go ahead with the long-awaited Ballpark Village. Two tales of the sometimes awkward marriage between ballpark financing and development. First, the good news. The St. Louis […]