ST. LOUIS – The St. Louis Board of Public Service today approved the advancement of a major economic development project in the City of St. Louis. The project, at the Armory complex, includes a data center, new office development, and will support the entrepreneurial ecosystem that continues to grow in Midtown St. Louis. It would bring $3 billion in new investment to the region, delivering more than $425 million in tax revenue, creating 1,000 construction jobs, and 200 permanent jobs.
Greater St. Louis, Inc. Managing Partner Ron Kitchens issued the following statement regarding the approval by the Board of Public Service:
“The billions of dollars in new investment and jobs this project will bring will be transformative for the City of St. Louis. We applaud the approval of this development by the Board of Public Service.
“We appreciate the deliberative approach taken by the City of St. Louis in advancing this project. They have facilitated an improved vision for development that will yield billions in private investment, hundreds of millions of net new tax revenue, and hundreds of new jobs.
“The City of St. Louis and the region overall cannot grow if we don’t support the development of the critical technology infrastructure that will support the expansion of 21st Century industries. Today’s approval of the development plan by the Board of Public Service is a positive step for growth.”
Greater St. Louis, Inc. – We Drive Growth
Greater St. Louis, Inc. forges partnerships that empower growth across the 15-county St. Louis region. We convene and collaborate with business, governmental, and civic leaders to empower economic growth and prosperity in communities across the St. Louis metro area. Together, we act with intention to create a thriving and inclusive St. Louis that attracts and retains investment and talent for generations to come and creates more and better jobs for the region. Learn more about how we are driving growth at GreaterSTLinc.com.