St. Louis board committee votes on Rams funds legislation
The Housing, Urban Development, and Zoning Committee of the St. Louis Board of Aldermen voted to advance the funds from the Rams settlement into disinvested neighborhoods in North and Southeast St. Louis, Downtown, water infrastructure, and other priorities.
ST. LOUIS – The Housing, Urban Development, and Zoning Committee of the St. Louis Board of Aldermen voted to advance the funds from the Rams settlement into disinvested neighborhoods in North and Southeast St. Louis, Downtown, water infrastructure, and other priorities.
Greater St. Louis, Inc. Interim CEO Dustin Allison issued the following statement regarding the vote that reads in part:
“Job one is to get St. Louis growing again, and we will not grow if we don’t address depopulation in North St. Louis and economic stagnation downtown. The Rams funds represent a once-in-a-generation opportunity to make transformative investments in disinvested neighborhoods in North and Southeast St. Louis and in Downtown.
“Some of the amendments adopted today in the HUDZ Committee cut vital funds from downtown, the economic engine of the city. Failing to invest Rams funds in Downtown at the transformative levels called for in the bill introduced by Alderwomen Boyd and Sonnier will block vital growth and development in St. Louis.
"Despite receiving less than 5% of its expenditures, Downtown St. Louis provides nearly 20% of the revenue to the city’s general fund that pays for all the services the city provides.”
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