WHAT!? Kroenke associates offered $23M in tax dollars for Wentzville rec center

The Marc Cox Morning Show
September 20, 2019 - 9:54 am

(KFTK) - Falling into the WTF category, we’ve learned that local tax dollars have been offered to a private development company connected with none other than Stan Kroenke. We welcomed Show Me Institute’s Patrick Tuohey to help explain the unexplainable.

He tells us about a new public-private partnership that will allow Wentzville to build a near $40 million recreation center on undeveloped farmland between Wentzville Parkway and William Dierberg Drive. But one of the developers of that deal is the Los Angeles Rams owner who may never be welcome in the greater St. Louis area again. 

Related: Stan Kroenke and NFL appeal St. Louis lawsuit to SCOTUS

The deal includes a 1% tax increase on other businesses near the development in which Kroenke and his partners would get 40% of to buy $23 million worth of bonds for the rec center. 

The St. Louis Post-Dispatch reports: Wentzville wanted a rec center. It offered $23 million in tax money to Kroenke associates to get it.

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