Excerpt from article featured in the St. Louis Post-Dispatch
The developers planning to turn the Post-Dispatch’s longtime home into offices for San Francisco payment processing company Square plan to finance about half of the $70 million project with state and federal tax credits and local subsidies.
The financial details of the 900 North Tucker project were included in an application to St. Louis economic development officials for $11.8 million in tax increment financing, or TIF. TIF allows future taxes generated by a redevelopment project to be used to help finance it.
