We need a long-form story about the Edison building tax breaks that were authorized by multiple branches of St. Louis city government.

#400s14th
#CorpWelfareHotel
#IsItPayToPlay contributions by Midas Hospitality & consultants.
#WhoBenefits?
#PACEstl #CEDBstl
#LCRAstl #SunshineSLDC

City of St. Louis Clean Energy Development Board meets on January 2nd at 3 p.m. Zoom.
Meeting details: tinyurl.com/mrxp5pyt

The resolution for #PACEstl financing for Edison building hotel does not include the amount of the PACE loan. This typifies the opacity of SLDC's staffing of the #CEDBstl 🧐

Starting at 3 p.m. TODAY!
St. Louis Clean Energy Development Board.

#PACEstl financing for a portion of the costs to renovate hotel in Edison building. $ amount not disclosed in resolution! #opaCITYstl

PACE financing for #MidasHotel wasn't disclosed when BOA approved tax abatement for #400s14th

Just posted! St. Louis Clean Energy Development Board meets Jan. 2 at 3 p.m. via Zoom.
I suspect the agenda will be the same as for the Dec. 12 meeting, which did not convene due to lack of quorum.⤵️
#PACEstl financing for a portion of the rehab costs for hotel in Edison building at #400s14th

Today at 11 a.m.
St. Louis #HUDZ Committee.
Hybrid Public Hearing on 6 bills.

#BOAbb158 reverses an
“inadvertent” action authorized by Ord. 72051 ( #BOAbb80 ) regarding the #CEDBstl, which administers the #PACEstl program.

IMO, Ord. 72051 should be repealed.

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

Also cancelled: today’s Clean Energy Development Board meeting. The August quarterly #CEDBstl meeting was also cancelled.

SLDC claims the board has no new business. I suspect the agency doesn’t want #PACEstl loan delinquencies discussed in public.🧐

PACE ayments are made with annual property taxes

The CEDB hasn’t met since May. The Aug. & Nov. meetings were cancelled.
SLDC claims the Q4 meeting was cancelled due to there being no new business.
I suspect that SLDC doesn’t want #PACEstl loan delinquencies discussed in public.🧐
The #ArmoryTIF has the city’s largest PACE loan; approved in 2023.

Meeting notice for Jan. 2 City of St. Louis Clean Energy Development Board: tinyurl.com/mrxp5pyt

Items:
3. Resolution doesn't include $ amount being financed with #PACEstl loan.

4. #CEDBstl Financials & Collections/Delinquency Report. Info is never included with meeting docs or posted by SLDC.

The St. Louis Development Corporation kicks off the year at 3 p.m. today when the Clean Energy Development Board meets via Zoom. IIRC, all 3 board members are required for a quorum.
Midas Hospitality needs board approval in order to close on a PACE loan.
#CEDBstl #PACEstl #SunshineSLDC
Details in 🧵

3:20 p.m. The #CEDBstl meeting did not convene due to lack of quorum. All 3 board members are required for quorum. 2 seats are vacant.

A #PACEstl administrator stated that the closing for an unnamed project requiring board approval has been pushed back to January. I presume she meant Midas hotel.

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

We’re under way at the St. Louis BOA #HUDZ Committee. (Started 11:01 a.m.)

Watch live here: www.youtube.com/live/_yDsHPR...

Testify in-person or via Zoom. 🔗 in quoted post.

#BOABB158 should be amended to rescind Ord. 72051 ( #BOABB80 ) in its entirety.
#CEDBstl + #PACEstl +
#PeopleOverLobbyists