Source: Show-Me Institute
by David Stokes
“A bad idea doesn’t get better with age. Bad ideas aren’t wine, jeans, or your high school memories. The tax subsidies for the Post-Dispatch building redevelopment in downtown St. Louis were a bad idea back in 2019 when the development was proposed, and they are a bad idea now. Using tax subsidies for economic development rarely benefits the public. Instead, it lowers the risk and increases the returns for private investors.” (03/27/26)