Subscribe for 99¢
Otis Williams of the St. Louis Development Corp.

Otis Williams, executive director of the St. Louis Development Corp., in a portrait on Monday, Sept. 9, 2013, in downtown St. Louis.  St. Louis Development Corp. was awarded $45 million in New Markets Tax Credits. Photo by Erik M. Lunsford

St. Louis is courting a company that officials say could add 200 jobs near Union Station — but they’re staying mum on the company’s identity.

The St. Louis Enhanced Enterprise Zone on Tuesday approved a 10-year, 75 percent property tax abatement for the building at 401 South 18th Street. City economic development officials say the property’s owner, Woodcrest Capital of the Fort Worth, Texas, plans $3 million in improvements.

The potential tenant would put in $1 million and possibly move 200 jobs to the spot.

St. Louis Development Corp. Executive Director Otis Williams would not reveal the name of the company but did tell board members “it is not a city relocation.” 

He described it as a “headquarters facility with a wide range of supporting jobs.” 

He said the deal isn’t final but officials should know more in the coming months. 

The building on 18th Street, the former headquarters of the Missouri Foundation For Health before it moved to Forest Park Southeast, is mostly vacant now, Williams said. 


Jacob Barker is a business reporter for the Post-Dispatch. 314-340-8291