The trustee on $98 million of St. Louis convention center hotel bonds will hold a bondholder call today to provide an update on the city’s advancement last week of legislation that could boost the hotel’s financial viability and provide some relief from an upcoming tax-related payment owed to the city.

Bondholders took possession of the hotel following the obligated group’s default late last year on debt service payments. The hotel is not generating sufficient revenue to cover debt service.

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