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grocery store, planned for the ground floore of the at Nintj andOlive streets. Last Schnuck Markets closed on $6 million in New Marketsw Tax Creditsfrom , which translate into nearlyt $2 million for the project, said Zack CEO of . That financing enables the store to open the summerfof 2009, said Schnuck Markets Chairman and CEO Scottt Schnuck. “We think it’s going to have a very strong response from downtown residents and office hesaid recently. “Downtown lackss the kinds of servicesa full-service groceru store has for things like a St.
Louis-based Legacy Buildint Group, a certified Minority Business Enterprise and commerciapl generalcontracting firm, is led by Presidenty Todd Weaver. Tom Colloraa Jr. was named store manager for thedowntowm location. Getting the storde up and running is estimatedc tocost $7.56 million. Schnuck Markets is payinvg $3.42 million for tenanft improvements, inventory and other opening The remainder is coming from a combinationof state, federalp and city subsidies, including the federal New Markets Tax Credits.
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