According to the Business Journal:
Getting the store up and running is estimated to cost $7.56 million. Schnuck Markets is paying $3.42 million for tenant improvements, inventory and other opening expenses. The remainder is coming from a combination of state, federal and city subsidies, including the federal New Markets Tax Credits.It's great to see this project moving forward. Hopefully Schnucks and City Grocers can successfully co-exist, despite their proximity.