Aerotropolis: Economic boon or boondoggle?

6 years 7 months 2 weeks ago Saturday, September 03 2011 Sep 3, 2011 Saturday, September 03, 2011 2:21:49 PM CDT September 03, 2011 in News
By: Associated Press

ST. LOUIS (AP) -- China's growing presence in the marketplace may be cause for concern in some corners of America, but business and civic leaders in St. Louis see an opportunity with a Goliath of a trade partner.

The centerpiece of next week's special session in Missouri is the so-called "Aerotropolis" project that would develop Lambert Airport into a hub for trade, predominantly with China. Proponents say the hub could create tens of thousands of jobs and provide an economic boost that will last for decades.

Opponents see a potential boondoggle and scoff at the proposal to provide $360 million in tax credits -- one of the largest incentive proposals ever in the state.

The debate is unusually nonpartisan -- Democrats and Republicans fall on both sides of the issue.

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