Friday, October 23, 2009

Legoland interested in development seeking tax breaks at Glen Carbon

Glen Carbon is near St. Louis. 

Legoland

[they] want the state to essentially forgive all sales taxes there so the revenue could pay off bonds to build it.
A bill creating that unprecedented "STAR" (sales tax revenue) bond arrangement passed the Legislature earlier this year, but Quinn, citing an estimated $15 million annual loss in revenue to the state, issued an amendatory veto to cut the tax break in half.

Click on the following for the rest of the story:  Legoland interested in development seeking tax breaks at Glen Carbon - STLtoday.com

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