The “China Hub”: Another flight of fancy?

posted by
May 9, 2011
Show-Me Institute
by Christine Harbin and Audrey Spalding  
Posted in Commentary

"Although the state government is strapped for cash, Missouri’s General Assembly is about to place a huge and ill-advised bet on the so-called 'Midwest China Hub,' or 'Aerotropolis.' The subsidies would authorize $360 million in tax credits — although the details keep changing — primarily for the construction and operation of cargo warehouses near the Lambert–St. Louis International Airport. At the 11th hour, legislators tacked on this misguided proposal to another bill that would limit tax credit expenditures. The end result is a 330-page bill that would accomplish little other than take benefits from some — in this case, the low-income elderly — and instead award benefits to private developers in Saint Louis." (05/06/11)

http://tinyurl.com/3r89cla  

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