Colin Jeffery
Missouri History Museum vastly overpaid for land
Tuesday, 12 February 2013 14:18 Published in Local News
ST. LOUIS (AP) - An appraisal of land purchased by the Missouri History Museum in St. Louis suggests that the museum overpaid by about $615,000.
The St. Louis Post-Dispatch reports that the appraisal was released Tuesday.
The museum purchased the land from former Mayor Freeman Bosley Jr. in 2006, paying Bosley and a business partner $875,000. The appraisal determined the land's value at about $260,000 at the time, and about $215,000 now.
The land was also contaminated, requiring up to $300,000 for environmental cleanup.
Robert Archibald resigned as museum president in December, though both he and Bosley denied that personal or political connections played a role in the deal.
The St. Louis Post-Dispatch reports that the appraisal was released Tuesday.
The museum purchased the land from former Mayor Freeman Bosley Jr. in 2006, paying Bosley and a business partner $875,000. The appraisal determined the land's value at about $260,000 at the time, and about $215,000 now.
The land was also contaminated, requiring up to $300,000 for environmental cleanup.
Robert Archibald resigned as museum president in December, though both he and Bosley denied that personal or political connections played a role in the deal.
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A woman is found dead in East St. Louis, police say she was shot in the face. The Illinois State Police are assisting East St. Louis in the investigation of the city's third homicide this year. The victim is a 29-year-old woman and she was a known prostitute. Police do not have a motive or suspect at this time.
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CVC hires Goldman Sachs to help keep Rams in St. Louis
Tuesday, 12 February 2013 11:38 Published in Local News
The St. Louis Regional Convention and Sports Complex Authority has hired investment banking firm Goldman Sachs to help find a way to keep the Rams in the Edward Jones Dome, or at least in St. Louis.
Goldman will advise the authority on how to pay for dome renovations and increase revenue if the Rams leave the building. The authority board approved the hiring yesterday.
Goldman will advise the authority on how to pay for dome renovations and increase revenue if the Rams leave the building. The authority board approved the hiring yesterday.
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