Voters in St. Louis and St. Louis County last week passed Proposition P, a sales tax increase to help fund trail and park improvements and renovations to the Gateway Arch.

The tax is projected to generate an additional $31 million in annual revenue for designated projects. About $9 million will go the Arch project which carries a $380 million price tag. Officials are considering issuing up to $90 million of debt to fund the renovations. Private donations will also cover a significant portion of the costs.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.