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Landlord sues over Lewis, Rice incentives

Questions common redevelopment practice

"Novel" is one of the more flattering descriptions development attorneys had for a lawsuit challenging incentives granted for a St. Louis redevelopment project. "Without merit" was St. Louis executive director for development Barbara Geisman's less complimentary portrayal of the lawsuit, filed by the owner of the 500 Broadway Building against the city and the state over $14.6 million worth of tax credits and loans for the redevelopment of One City Centre.

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