STL Business Journal

Missouri Botanical Garden to build new $92M visitor center

3 hours 15 minutes ago
The Missouri Botanical Garden announced Monday that it will break ground in January on a new $92 million visitor center. The new facility, which will be called the Jack C. Taylor Visitor Center, is expected to be complete in spring 2022. The project will replace the existing Ridgway Visitor Center, which opened in 1982 and that officials say is intended for 250,000 annual visitors. The Botanical Garden today draws about 1 million visitors per year. Development of the Taylor Visitor Center will…
Nathan Rubbelke

Lambert Airport to expand passenger drop-off capacity

7 hours 25 minutes ago
St. Louis Lambert International Airport will begin to double the passenger drop-off capacity at Terminal 2 starting Wednesday. The project will turn the current angled, pull-thru spots to a parallel lane system, similar to what's most commonly used at other airports. "This project is one of many that we are focused on now to manage the increasing amounts of traffic volume at Terminal 2," Rhonda Hamm-Niebruegge, director of the airport, said in a statement. "The conversion to a traditional style…
Veneta Rizvic

Why St. Louis lags other Midwest cities in growth

8 hours 35 minutes ago
Chuck Gascon, a regional economist with the Federal Reserve Bank in St. Louis, has researched and written extensively about the St. Louis economy and its slow growth. We spoke with Gascon about St. Louis' population growth and why it may be lagging.
Greg Edwards

County Council may call for audit of Loop Trolley

9 hours 18 minutes ago
The St. Louis County Council will contemplate whether to call for a federal audit of the imperiled Loop Trolley, a worrisome sign for a system that had asked the county for more money to continue operating. Councilman Mark Harder said Monday he has drafted a resolution asking the U.S. Department of Transportation to audit a $25 million Urban Circulator grant awarded to the Loop Trolley's taxing district, chaired by Delmar Loop businessman Joe Edwards. "The resolution also calls on Missouri's elected…
Jacob Kirn

Photos: Here’s how much St. Louis startups have raised so far in 2019

10 hours 4 minutes ago
Investment in St. Louis startups increased in the second and third quarters of 2019, according to a pair of reports tracking venture capital activity. While specific figures in reports issued this month by PitchBook/National Venture Capital Association and PwC/CB Insights differ, both studies show that St. Louis startups have raised around $80 million in venture capital funding this year. The report from PitchBook and the National Venture Capital Association tracked 23 St. Louis deals totaling…
Nathan Rubbelke

Centene, WellCare merger gets approval from 5 more states

14 hours ago
Centene Corp. and Tampa-based WellCare Health Plans Inc.’s planned $17.3 billion merger has gained the approval of five more states.  Arizona, Connecticut, Georgia, Ohio and Texas join 17 other states that approved of St. Louis-based Centene Corp’s (NYSE: CNC) acquisition of WellCare (NYSE: WCG). This latest round of approvals brings the total count of insurance departments that have signed off on the merger to 24. The companies originally sought the approval of 27 departments. "We are making…
Brendan Ward

Bags, bowling and beer: Recess STL coming soon near The Grove

14 hours 16 minutes ago
St. Louis is getting a new place to play, where it’s "Saturday every day." Recess STL is expected to open Nov. 15 near The Grove, pending inspections and final approvals from the city. The hangout spot promises to feel “just like your best friend’s basement – but better – and there’s nothing else like it in St. Louis.” The preliminary plan is for Recess STL to be a pop-up concept at 4500 Swan Ave. The plan is to stay open about 6-7 months, according to a spokesman with the business. While…
Dori Olmos, KSDK

Poettker unveils new 40,000-square-foot headquarters

14 hours 25 minutes ago
Poettker Construction Co. has opened its new 40,000-square-foot headquarters, located at 400 S. Germantown Road in Breese, Illinois, just south of its previous location. The new headquarters, which opened this month, consolidated five separate facilities into one central building about 30% larger than the previous spaces, officials said. A cost for the project was not disclosed. "Our plan for this new headquarters was rooted in a two-fold purpose," Keith Poettker, president of the company, said…
Veneta Rizvic

St. Louis private school tuition exceeds national average

15 hours 55 minutes ago
Private school is expensive — especially in St. Louis, where the average tuition for the region’s largest private primary and secondary schools exceeds both state and national averages.  According to online resource Private School Review, average tuition at private elementary schools in Missouri is $7,425 per year, and $12,195 at private high schools. The national average is $9,638 for private elementary schools and $14,522 for private high schools. Our data shows that tuition skews higher…
Lea Konczal

Building better healthcare: 5 factors shaping next-generation hospitals and outpatient facilities

20 hours 55 minutes ago
A renewed emphasis on providing exceptional patient care is driving demand for a new generation of healthcare facilities that offer world-class services and support ongoing treatment advances. The expanding healthcare landscape ranges from traditional hospital campuses, where pioneering therapies are generating outstanding health outcomes, to clinics and outpatient centers that deliver care in an environment that emphasizes convenience and efficiency. In all cases, future healthcare facilities…
Mike Stapf

Public paychecks 2019: Highest-paid state of Missouri employees

2 days 6 hours ago
Missouri's 34 highest-paid employees are all psychiatrists at state-run hospitals. The psychiatrists, many of whom practice in specialties such as neurology or child psychiatry, earned a combined $8.65 million in calendar year 2018, according to state records. The state's highest-paid employee outside the mental health field was Roger Dorson, deputy commissioner of the Missouri Department of Elementary and Secondary Education, who earned $191,544. Margie Vandeven, the department's commissioner…
Lea Konczal

The most expensive large private secondary schools in St. Louis

2 days 11 hours ago
Private secondary schools in St. Louis generate a lot of revenue. In total, the 25 largest schools in the region took in more than $184 million in tuition for students in grades 7-12 this school year. Average annual tuition ranges from $15,698 to $18,348. The student-to-faculty ratio ranges from 4:1 to 15:1, and the average class size ranges from six to 22. Lutheran schools are some of the most affordable schools in the region, followed by Catholic schools. While some local Catholic schools have…
Lea Konczal

Subsidies for McKee hospital are OK'd by aldermen

3 days 6 hours ago
St. Louis aldermen on Friday approved subsidies for a north city health care development backed by Paul McKee's NorthSide Regeneration and located at the former Pruitt-Igoe public housing site, at Jefferson and Cass avenues. The vote was 23-2. Board Bill 103 authorizes up to $6.4 million in tax increment financing for an initial phase, in which a three-bed hospital with emergency room is envisioned. The bill also includes $1.6 million in tax increment financing for a subsequent phase, which would…
Jacob Kirn

Johnson & Johnson recalls baby powder, the subject of a $4.7 billion St. Louis verdict

3 days 6 hours ago
Johnson & Johnson stock plummeted Friday after the company recalled some baby powder, which has been the subject of billions of dollars in lawsuit losses in St. Louis and elsewhere. The company said it was voluntarily recalling 33,000 bottles of Johnson's Baby Powder after trace amounts of asbestos contamination were found in a sample. J&J said it is looking into whether cross-contamination of the sample caused a false positive, whether the product was appropriately sealed and maintained in a controlled…
Greg Edwards

St. Louis-based plastics maker changes hands

3 days 6 hours ago
Arsenal Capital Partners has sold Spartech LLC, a Maryland Heights-based plastics and packaging company, to private equity firm Nautic Partners LLC in partnership with Spartech management. Terms of the deal weren't disclosed, but the new owner has plans to grow Spartech. "We’re thrilled to back this team and their effort to take the company to the next level organically and through selective add-on acquisitions," Chris Pierce, a managing director of Rhode Island-based Nautic, said in a statement.…
Diana Barr

NGA construction team to host contractor fair for minorities, women

3 days 7 hours ago
McCarthy HITT, the construction team building National Geospatial-Intelligence Agency's new western headquarters, is hosting an outreach event for small, minority- and women-owned businesses wanting to work on construction of the new federal campus. The event will detail bidding opportunities and requirements and information for sitework, concrete, electrical, mechanical and other general construction work. Construction will include a 712,000-square-foot office building, parking structures, visitor…
Steph Kukuljan

The most expensive large private primary schools in St. Louis

3 days 8 hours ago
This school year, St. Louis' 25 largest independent private primary schools took in more than $46 million in tuition for students in grades K-6. Average tuition at the 25 schools ranges from $10,228 to $15,560. Student-to-faculty ratios range from 3:1 to 18:1, and average class size ranges from seven to 28. The most expensive school on the list specializes in teaching students with dyslexia, ADHD and other learning disabilities. The school's annual tuition price is $35,500. The most affordable…
Lea Konczal
5 minutes 26 seconds ago
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