AC Next Gen Project Will Allow St. Louis Tourism to Compete on a National Level
The AC Next Gen Project, which will update and expand the America’s Center Convention Complex in downtown St. Louis, has received approval for $105 million in bonds. This approval comes from representatives of the St. Louis Municipal Finance Corporation’s board of directors, St. Louis Mayor Lyda Krewson, Comptroller Darlene Green and Board of Aldermen President Lewis Reed after a four-month long delay due to the current pandemic.
“In a year when our St. Louis area hospitality industry has been devastated by the COVID-19 pandemic, the decision today by the City of St. Louis’ Municipal Finance Corporation board to give hope for the future is an incredible gift.”, said Kathleen “Kitty” Ratcliffe, president of Explore St. Louis. “It means we can begin the work that will improve the America’s Center Convention Complex to make it competitive for the business of the future. In the meantime, once final design work is completed, businesses and residents in our region who work in the construction trades will have a lot of work to do! We couldn’t be more pleased.”
The expansion of America’s Center will help secure its place as an economic and employment driver for the region. Its growth has never been more urgent as tourism capitals across the country make large investments in their convention centers – driving increased tourism, meetings and hospitality to their communities.
“The AC Next Gen Project perfectly positions St. Louis’ front door for the future,” said Mayor of St. Louis, Lyda Krewson. “This, along with other developments including new hotels, upgrades to existing hotels, attractions, restaurants, and the great advancements throughout our region, completes the convention package.”
The AC Next Gen Project will be funded by existing hotel and restaurant tax payments. In addition to the $105 million in bonds from the city, St. Louis County has also approved an equal contribution to the project. There will be no new tax on local residents, as this hotel tax is only paid by people staying in area hotels.
The total cost of building the AC Next Gen Project is estimated at approximately $175 million and currently includes the following elements, as well as several other improvements.
Comptroller Darlene Green said, “Although the pandemic is not going away soon, we know as a nation we will overcome it. Businesses will rebound, and tourism jobs and conventions will come back. We must plan for a positive future for the working families in our region, and America’s Center is part of that future.”