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Cortex
4:00 pm
Wed December 26, 2012

Wexford Closes On New Lab Building

Credit (Missouri Department of Natural Resources)
Wexford Science and Technology will spend about $70 million to turn the old Western Electric building into 183,000 sq. ft. of lab and office space.
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One piece of a planned $2.1 billion expansion of the life sciences district Cortex has fallen into place.

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Cortex expansion
4:07 pm
Wed December 12, 2012

Life Sciences District Cortex Secures First Round Of TIF For Expansion

Credit Rachel Lippmann/St. Louis Public Radio
Cortex CEO Dennis Lower makes his request for $35 million from the St. Louis TIF Commission
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The life sciences district known as Cortex has gotten initial approval for the first phase of its $2.1 billion expansion plan.

The city's Tax Increment Financing commission voted today to authorize about $35 million in incentives for the first phase, which totals about $160 million.

The phase includes new office and laboratory space, a new Shriners' Hospital, and a streetscape known as Cortex Commons. Here's how it breaks down:

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