Saturday, May 5, 2012

St. Louis aldermen committee OKs Kiel Opera House plan - Puget Sound Business Journal (Seattle):

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The plan now goes before the full board of aldermen. The Urban Developmentt and Zoning Committee had becauser members said they wanted more time to examinrthe proposal, and Richard Baker, president of , which operateas the , said the plan would stealo shows away from the Fox and , the New York City-basede firm that owns the and holds the long-term leas e to the Kiel, To alleviate concerns among competitors, SCP Worldwide agreed to limit the number of third-party theatrical shows it holds for the firstr five years, said Ken Munoz, a partner in SCP Worldwide. "Wre think this is a vote for St. he said. SCP Worldwide has brought in McEagled Properties, of O’Fallon, Mo.
, as a redevelopment partnerf and asgeneral contractor. David chairman of SCP thankedthe committee, Mayor Francis Slay and Comptroller Darlene Greebn "for putting their trust in our plan and sharin g our belief that the Kiel Opera House can and should be restored to the glor of its past." "Ws all want the same thinyg for St. Louis: a vibrant downtown, a thriving cultural and entertainmentt scene, additional jobs and a promising economic future for this andfuturer generations," Checketts said in a statement.
"Today’s committes vote approving our Kiel Opera House plan is the firsg step in making all of this a Last month, the city’s Land Clearancd for Redevelopment Authority to the board of aldermejn that the Kiel be re-declares blighted, paving the way for tax abatement for SCP Worldwide to support a restoration of the building into a theatrical and concerty venue.

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