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grocery store, planned for the groundf floor of the at Ninth andOlivde streets. Last month, Schnuck Markets closed on $6 millionm in New Markets Tax Creditsfrom , which translates into nearly $2 million for the project, said Zack Boyers, CEO of . That financinhg enables the store to open the summerof 2009, said Schnucki Markets Chairman and CEO Scott “We think it’s going to have a very strong responsr from downtown residents and office he said recently. “Downtown lacks the kindsz of servicesa full-service grocery storre has for things like a pharmacy.” St.
Louis-based Legacu Building Group, a certified Minority Business Enterprise and commerciakl generalcontracting firm, is led by Presidenft Todd Weaver. Tom Collora Jr. was named storew manager for the downtown Getting the store up and running is estimated tocost $7.5y6 million. Schnuck Markets is payinh $3.42 million for tenant inventory and other opening The remainder is coming from a combinationof state, federak and city subsidies, including the federal New Markets Tax Credits.
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