#1221Locust
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gconnolly314.bsky.social
Noteworthy that then Ald. Coatar voted aye on the tax abatement BB 66. Coatar’s other employer at the time, Spencer Fane, represented the developer on the #1221Locust project.
July 10, 2026 at 1:29 PM
gconnolly314.bsky.social
Video of the 7.10.26 City of St. Louis Clean Energy Development Board meeting.

8:15 timestamp; the #CEDBstl approved the resolution authorizing foreclosure proceedings for the PACE loan on #1221Locust( Shell Building)
PACE delinquency is $3.3 M, per program administrator.

youtu.be/XxNwyXXvisk?...
Clean Energy Development Board (CEDB) Regular Board Meeting - July 10, 2026
YouTube video by Develop St. Louis
youtu.be
July 10, 2026 at 9:54 PM
gconnolly314.bsky.social
Update from the 5/14 City of St. Louis Clean Energy Development Board meeting:
If the delinquency reports shared yesterday and at the Feb. #CEDBstl are accurate, there have been no payments received from delinquent developers from 1/29 to 5/1.
#DeadbeatDeveloper
The #1221Locust hotel owes 2 years!
Image showing a screenshot of the "Programs Update - Collections" slides that were shared via Zoom at the 2.15.25 and 5.14.25 meetings of the City of St. Louis CEDB.
May 15, 2025 at 10:43 PM
gconnolly314.bsky.social
Today at 2 p.m. Zoom.
City of St. Louis Clean Energy Development Board meeting

🚨 Res. 04. Authorization of Foreclosure Proceedings for dual -branded hotel at #1221Locust
3 years delinquency on PACE loan.
See ALTs for details

www.stlouis-mo.gov/events/event...

#CEDBstl #PACEstl #CorpWelfareHotel
Agenda items for 7.10.26 meeting of the City of St. Louis Clean Energy Development Board. Item 5 pertains to the 1221 Locust hotel foreclosure proceedings. Item 3. Appointment of SLDC President/CEO Stephen Westbrooks to CEDB. Did the BOA confirm the mayoral appointment of Westbrooks to CEDB? I think not! July 2019 photo of 1221 Locust prior to the building’s renovation into a dual branded hotel. The development received tax abatement, PACE financing authorized by the CEDB and a sales tax exemption on construction materials. Resolution no. 26-CEDB-04. (Pg 1 of 3) See pages 16-18 of board packet. https://www.stlouis-mo.gov/government/departments/sldc/boards/documents/upload/FINAL-2026-07-10-Agenda-Packet-Clean-Energy-Development-Board-Quarterly-Board-Meeting-1.pdf Page 2 of Res. 26-CEDB-04 for the 1221 Locust hotel.
July 10, 2026 at 1:16 PM
gconnolly314.bsky.social
More info on #1221Locust hotel👇

See ALTs 1 & 2 for links to the Assessor "property info" webpage and the Collector of Revenue's "property tax inquiry" webpage.

See ALT 3 for PACE* project information.
*Property Assessed Clean Energy

#CEDBstl #DeadbeatDeveloper
Screengrab image from City of St. Louis Assessor's webpage for 1221 Locust St., St. Louis, MO 63103. The terms of the tax abatement are highlighted in blue. https://tinyurl.com/3r67mpzc Collector of Revenue's "Property Tax Inquiry" record for 1221 Locust. https://property.stlouis-mo.gov/parcel/view/08249030000/2026 For the 2021 tax year, there are two payments shown. There is no description for each payment. I suspect the larger figure is the PACE assessment for 2021. The smaller figure is the real estate tax. "Set the PACE St. Louis" website. Information on Commercial PACE projects. Select "The Shell Building" for details on tthe 1221 Locust St. Project. https://www.setthepacestlouis.com/projects-stp-st-louis Shell Building at 1221 Locust St. PACE project summary.
July 10, 2026 at 7:16 PM