CLAYTON (KMOX) -- St. Louis County officials are taking a second look at $7 million in tax breaks promised to Pfizer over the next decade. The deal was struck in connection with the construction of its now-sold Chesterfield campus.
"There's a requirement there," County Executive Charlie Dooley said. The company must maintain a minimum level of employment on the campus to retain the incentives. "Quite frankly, they're cutting six-hundred jobs. They probably won't meet the requirement."
Dooley tells KMOX he's asking staff to look into revoking those incentives.
Monsanto, the campus' new owner, will not inherit the tax breaks. Dooley says his staff has had preliminary discussions with the company about their intentions for the property. Monsanto reportedly will now scrub plans for expansion at its Creve Coeur campus in favor of the Chesterfield facilities.
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