CHICAGO — The St. Louis convention center hotel complex now owned by bondholders formally asked late last week to extend the deadline for a payment in lieu of taxes it owes the city at the end of the year to help stave off a shortfall in working capital expected this winter.

Bond trustee UMB Bank NA reported in a recent call with bondholders that it has set aside the $3.25 million payment owed at the end of the year, but was in negotiations with the city over some form of extension. A resolution introduced on Friday calls for the hotels to make a partial payment of $1.95 million, with the remainder being paid in July and October of next year.

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