St. Louis MLS Tax Incentives Up For Debate Thursday

St. Louis Land Clearance for Redevelopment Authority will discuss two proposals

Michael Calhoun
November 14, 2018 - 1:18 pm
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(Ron Chenoy-USA TODAY Sports)

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Thursday could be another step closer to Major League Soccer in St. Louis.

The Land Clearance for Redevelopment Authority will take a look at two tax incentives to help with the $200 million stadium. It's the same authority with an option to acquire the stadium land that's currently owned by the state, land that's just west of Union Station.

Related: Bill McDermott on St. Louis Answering MLS Expansion Questions

One is a tax exemption for construction materials, which is pretty standard for large business deals. The other is facilitating $30 million in state tax credits. 
 
There could separately be a 1-percent sales tax only on items bought at the stadium. It's nothing like the subsidy that voters rejected during the first efforts for MLS.  

Related: Confirmed New Hope for Major League Soccer to St. Louis

This renewed group is led by the taylor family of enterprise, and is bringing much more private money to the proposal.