#ButForFAIL
I hope the HUDZ Committee can be honest and agree that the $4 Million in TIF assistance on the table today is not an incentive for Wash U.'s #4140ForestPark project.
Site photo taken today.
#ButForFAIL #CortexTIF #TellusTheTruth
December 10, 2024 at 3:24 PM
"It seemed to me that the TIF funds were appearing more like developer slush funds for the city to use to direct development than actually helping to rectify a blighted area that wasn't going to be developed otherwise," Keathley said.

Who'll blow the whistle on the #ButForFAIL of the #CortexTIF?
December 9, 2024 at 3:43 PM
This #ButForFail should be rejected by St. Louis Board of Alders. This isn't an incentive to build. Construction is well underway. Instead, it's a gift, paid by public school kids, to Washington University, a nonprofit private school with a $13 Billion endowment.
Testify on the #CortexTIF bills at the 11 a.m., Dec. 10 #HUDZ Committee hearing at City Hall or Zoom.
Details: tinyurl.com/364x6jfx
#BOAbb140 $4 M TIF
#BOAbb139 Tax abatement

Submit written testimony to: boameetings@stlouis-mo.gov
Emails for HUDZ alders: tinyurl.com/yc6jyvyb
#ButForFAIL #CortexTIF
December 9, 2024 at 4:42 PM
No one on HUDZ asked SLDC the "But For" test, possibly because the committee members knew it would put SLDC, Cortex, Wash U. and themselves is a tricky position of acknowledging the fact construction is well underway.
#ButForFAIL
December 10, 2024 at 10:08 PM
#ButForFail This Wash U project is happening w/o incentives and doesn't need incentives to finish. Public school kids should not be funding it.

Why aren't St. Louis School Board and American Federation of Teachers active on tax abatements? Why should we care about tax abatement when they don't?
I wonder how SLDC is going to square the progress of construction at #4140ForestPark with the result of the “But For” test, that I presume was performed as part of its staff analysis.
The HUDZ alders should visit the site tomorrow so they have the facts to combat any misinformation at the hearing.
December 9, 2024 at 2:15 PM
Testify on the #CortexTIF bills at the 11 a.m., Dec. 10 #HUDZ Committee hearing at City Hall or Zoom.
Details: tinyurl.com/364x6jfx
#BOAbb140 $4 M TIF
#BOAbb139 Tax abatement

Submit written testimony to: boameetings@stlouis-mo.gov
Emails for HUDZ alders: tinyurl.com/yc6jyvyb
#ButForFAIL #CortexTIF
December 9, 2024 at 4:32 PM
#TransparencyFail No Way To Run A Govt #395383

Tomorrow is a line in the sand vote by St. Louis Alders on corporate welfare for Wash U's sketchy #ButForFail latest Cortex development

Filing for odd number wards St. Louis Alder candidates ends January 3rd

www.stlouis-mo.gov/government/d...

#CortexTIF subsidy confusion!

A $7.8 M developer fee is included in the "detailed project proposal" provided by SLDC yesterday in response to Sunshine request R002513.(left)

There is no developer fee in the proposal's budget that was provided to the TIF Commission (11/13) & HUDZ (12/10). (right)
December 12, 2024 at 10:52 PM
Corporate Welfare 🚨

11 am Today is BOA HUDZ Hearing on Wash U #ButForFail Cortex project, making St. Louis Public School kids pay for yet another development. This one is well underway. Call this by proper name- a gift from Alders, not an incentive. See @gconnolly314.bsky.social for details. ⬇️
Today at 11 a.m.
#HUDZ hearing on Wash U’s 4140 Forest Park project.
Testify via Zoom, in-person or submit written comment.
#CortexTIF
Details in quoted posts ⬇️
Testify on the #CortexTIF bills at the 11 a.m., Dec. 10 #HUDZ Committee hearing at City Hall or Zoom.
Details: tinyurl.com/364x6jfx
#BOAbb140 $4 M TIF
#BOAbb139 Tax abatement

Submit written testimony to: boameetings@stlouis-mo.gov
Emails for HUDZ alders: tinyurl.com/yc6jyvyb
#ButForFAIL #CortexTIF
December 10, 2024 at 2:13 PM
Video of Nov. 13 TIF Commission meeting. #CortexTIF
1 hour, 25 minutes.
Project proposal for: #4140ForestPark renovation of former Goodwill building & adjacent new construction.
Url to 32:50. Start of Qs from TIF Commissioners after presentation by Cortex.
youtu.be/uCfp6xr-XWI?...
#ButForFAIL
Tax Increment Financing Commission of the City of St. Louis Regular Board Meeting–November 13, 2024
YouTube video by Develop St. Louis
youtu.be
December 9, 2024 at 8:51 PM
Gilmore Bell lawyers explained the "but for" test in a 2009 "TIF 101" guide:
The “but for” test is an inquiry into whether the property would be redeveloped without TIF assistance – but for the approval of TIF, the redevelopment would not occur

www.gilmorebell.com/TIF_101_Part...
page 3 #ButForFAIL
December 9, 2024 at 6:57 PM
We don't have to wonder what they're talking about.

Photo: former Washington University employee Alder Browning counting votes for his proposals for incentives to Washington University project already under construction. #ButForFail
December 13, 2024 at 4:45 PM