St Louis Municipal Finance Corporation

The St. Louis Municipal Finance Corporation, established in 1991 by the City of St. Louis, Missouri, was founded with the mission to alleviate the financial burden of the city. This mission is accomplished by financing or acquiring assets through the issuance of debt. In simpler terms, the St. Louis Municipal Finance Corporation serves as a financial arm for the city, facilitating its growth and development by raising funds for various projects and initiatives.

The corporation's role in the city's financial landscape is essential, as it enables the city to invest in important assets and infrastructure that may otherwise be difficult to finance. By issuing debt, the St. Louis Municipal Finance Corporation provides the city with the necessary capital to undertake significant projects, thus contributing to the overall improvement of the city's infrastructure and economic development.

One of the notable projects the corporation has been involved in is the Convention Center Refunding and Improvement Project. For this endeavor, they issued Leasehold Revenue Bonds, Series 2017. The purpose of these bonds was to refinance existing debt related to the city's convention center and fund improvements to the facility. By securing these funds, the city was able to enhance the convention center, making it more attractive to potential users and boosting the local economy. Overall, the St. Louis Municipal Finance Corporation plays a crucial role in the financial health of the city by providing innovative funding solutions for various projects and initiatives.