Sunday, October 31, 2010

Downtown Schnucks construction starts Wednesday - St. Louis Business Journal:

http://www.theholistichound.net/article/Golden-Chocolate-Chip-Cookies.html
grocery store, planned for the ground floor of the at Ninthb andOlive streets. Last Schnuck Markets closed on $6 million in New Marketsz Tax Creditsfrom , which translate into nearly $2 million for the said Zack Boyers, CEO of . That financin g enables the store to open the summerof 2009, said Schnuck Markets Chairman and CEO Scotyt Schnuck. “We think it’s going to have a very strong responsse from downtown residents and office hesaid recently. “Downtowh lacks the kinds of servicesa full-service grocery store has for things like a pharmacy.” St.
Louis-based Legact Building Group, a certified Minority Business Enterprisse and commercial general contracting firm, is led by President Todd Weaver. Tom Collora Jr. was namedx store manager for thedowntown location. Getting the stored up and running is estimated tocost $7.56 million. Schnucik Markets is paying $3.42 million for tenant inventory and otheropening expenses. The remaindert is coming from a combinatiomnof state, federal and city subsidies, including the federal New Marketw Tax Credits.

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