A new wet-lab facility planned for a vacant site next to the Donald Danforth Plant Science Center moved one step closer to reality last week, as MO Governor Matt Blunt sat down with executives from the development company to discuss the potential for public incentives. Baltimore-based Wexford Science & Technology LLC has been eyeing the site for several months now, but has stated previously that it would need public funding to help potential tenants, credit-poor biotech startups, pay their share of the construction costs. Nothing definite seems to be in place as of yet, but both sides expressed their optimism for the deal.

In addition, it seems that the St. Louis Community College may be interested in anchoring the development, providing another source of funding for the potential project.

(...more from stltoday.com)