October 11, 2013 | Green Street
Green Street Development Group’s $68 million business park project at the Carondelet Coke site in St. Louis is gaining attention as a positive example of Tax Increment Financing (TIF) incentives. Amid ongoing debates about TIFs, this endeavor stands out for its transformation of a 50-acre abandoned site into a thriving business park. The project aligns with Mayor Slay’s executive order, mandating diverse workforce participation for city-subsidized projects. With requirements for minority, female, resident, and apprentice workers, this TIF project not only revitalizes a site but also creates job opportunities, benefiting individuals and firms like Minority Contractor Initiative, aiding in compliance.
