Fighting for Marquee Law Firm Tenant, Landlord Sues Officials Over Incentives
Posted Nov 23, 2009 6:31 PM CDT
By Martha Neil
A Chicago landlord is suing St. Louis and Missouri officials over a major law firm tenant that is allegedly being lured to another building with illegal taxpayer-funded incentives.
Among the benefits that Lewis Rice & Fingersh expects to get from the move to One City Centre is $300,000 forgivable loan, reports the St. Louis Business Journal.
Sharon Sklarov says in the Cole County Circuit Court suit that she is afraid her own downtown St. Louis building will be bankrupted if it loses its flagship tenant. Lewis Rice agreed this month to lease more than 25 percent of the 375,000-square-foot One City Centre, and plans to move its 250 attorneys and staff there in several months.
Officials named as defendants include the state attorney general. They apparently either did not respond to the publication's request for comment or could not be reached.