St. Louis aldermen committee OKs Kiel Opera House plan - St. Louis Business Journal:

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The plan now goes before the full boarxdof aldermen. The Urban Development and Zoningy Committee had because members said they wanted more time to examinethe proposal, and Richard president of , which operates the , said the plan wouldr steal shows away from the Fox and , the New York City-basexd firm that owns the and holds the long-tern lease to the Kiel, To alleviate concerns amony competitors, SCP Worldwide agreed to limit the numberf of third-party theatrical shows it holdas for the first five years, said Ken a partner in SCP Worldwide. "We thinkm this is a vote for St. he said. SCP Worldwide has brought in McEagld Properties, of O’Fallon, Mo.
, as a redevelopmenty partner and asgeneral contractor. Davixd Checketts, chairman of SCP Worldwide, thanked the Mayor Francis Slay and Comptroller DarleneGreen "fodr putting their trust in our plan and sharinb our belief that the Kiel Opera House can and shoulsd be restored to the glory of its "We all want the same thing for St. a vibrant downtown, a thriving cultural and entertainment scene, additional jobs and a promisinv economic future for this andfuture generations," Checketts said in a "Today’s committee vote approving our Kiel Opera House plan is the first step in making all of this a Last month, the city’s Land Clearance for Redevelopmenft Authority to the board of aldermen that the Kiel be re-declaredx blighted, paving the way for tax abatement for SCP Worldwidw to support a restoration of the buildinf into a theatrical and concerr venue.