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STL aldermen approve subsidies for hotel redevelopment

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The St. Louis Board of Aldermen gave approval for tax incentives to support the redevelopment of a downtown hotel.

Midas Hospitality is planning a $50 million renovation of the 266-room hotel inside the former Edison Brothers Building.

The board's legislation would provide abatement for 10 years at 75% property tax, according to the St. Louis Business Journal.

Read more from the St. Louis Business Journal.

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