Aerotropolis: Economic boon or boondoggle?
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.