Event: Union Station Reopens
Brief Description: Union Station reopened in 1985 as a mixed-use center of shopping, lodging, and entertainment, becoming St. Louis´ second largest tourist attraction. The opening of Union Station and the subsequent opening of St. Louis Centre (1986) brought new optimism about downtown´s future. The Tax Reform of 1986, however, eliminated many of the liberal tax depreciation codes and historic credits that fueled this type of redevelo-pment activity. As a result, the number of rehab projects in the City greatly decreased. While much of the Central West End, DeBaliviere Place, Soulard, and Lafayette Square had been revitalized in the early 1980s, such historic rehab work dried up (St. Louis had been the largest user of historic credits in the nation prior to 1986). Historic rehab activity would not rebound until the late 1990s when state credits would once again lend assistance to developers and render costly projects feasible.
Year: 1985
Decade: 1980 - 1989
Beginning Date: 1985
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