JEFFERSON CITY — A state agency has approved $343,000 of tax credits to help finance a new livestock arena at the Missouri State Fair.
The action Tuesday by the Missouri Development Finance Board marks just the second time in the 25-year history of its tax credit program that it has provided aid for a state-owned and operated project. It's also just the second tax credit project the agency approved this year.
The board awards tax credits equal to 50 percent of the private contributions made for projects. Executive director Robert Miserez says the economy has dampened interest in contributing toward constructions projects.
The new $726,000 facility at the State Fair in Sedalia will be connected to the existing Livestock Coliseum.