Schools' Taxes Bartered Away To Garner Jobs

First of two parts

The Ralston Purina Co. recently shocked St. Louis officials with the news that it is considering leaving Checkerboard Square, the company's home for the past century, for greener pastures elsewhere.

Top city and state officials responded swiftly late last month: A small arsenal of financial incentives hit the table before the company, with its 2,000 employees, could hear pitches for richer deals sure to arrive from other states. Closed-doors negotiations are expected to last through the...

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