Friday, February 29, 2008

Missouri Valley Conference HQ Plans Move Forward

Great news from Mayor Slay's blog - the St. Louis Development corporation has approved a $200,000 forgivable loan to assist the Missouri Valley Conference in constructing a new $10.5 million, 27,000 sf headquarters on a city-owned parking lot immediately south of the Scottrade Center.

According to the blog, "The City’s Land Clearance Authority has also assisted the Conference in making application for Missouri Development Finance Board tax credits to assist in the construction of the new facility."

The Missouri Valley Conference and St. Louis have been a perfect match for each other. The Valley's current 4,000 sf headquarters on Chouteau is also at the center of a recent wave of redevelopment efforts in Lafayette Square on a block that is undergoing a remarkable transformation. I'd expect it to lease quickly once the Valley vacates it.

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