By Brian Feldt – Senior Reporter, St. Louis Business Journal Oct 23, 2013
Kevin Farrell has spent the better part of the last year looking for a new home for T-REx and its cast of entrepreneurs. Now that it’s found — T-REX officials purchased the Lammert Building on Tuesday thanks to $4.9 million in New Markets Tax Credits allocated by St. Louis Development Corporation, which raised a $1.7 million investment by St. Louis-based U.S. Bancorp Community Development Corporation — Farrell has another tough road ahead of him.
Farrell, senior director of economic and housing development for The Partnership for Downtown St. Louis, said T-REx will immediately seek to raise money in order to build out and polish the sixth, seventh and eighth floors of the Lammert Building — the floors it initially plans to occupy upon moving, which Farrell estimates will be done in phases over the next six months.
