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STL board gives initial approval to TIF for redevelopment project

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The St. Louis Board of Aldermen late last week gave initial approval to tax increment financing for a proposed redevelopment.

An entertainment venue and residential development is planned at the Armory, a large building near Interstate 64.

Aldermen are considering $4.7 million in TIF funding. A final vote could come this week.

Read more from St. Louis Public Radio.

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