A good read and a possible guide for St. Louis to improve. I encourage you to give it a read....
https://www.brookings.edu/wp-content/up ... _paper.pdf
The background on page 9 sounds familiar...
https://www.brookings.edu/wp-content/up ... _paper.pdf
The background on page 9 sounds familiar...
https://www.brookings.edu/research/cope ... velopment/In the mid-to-late 1980s, Copenhagen experienced 17.5 percent unemployment, a growing elderly population, and an
annual budgetary shortfall of $750 million. Deindustrialization and economic restructuring partly explained Copenhagen’s predicament. Yet many economic and financial challenges faced by the city were self-inflicted: To raise funds
in the early 20th century, local government purchased land adjacent to the city, which it developed into suburbs consisting of primarily private family homes. As many families moved to the outskirts of Copenhagen, the city’s tax
base dried up. The outward migration coincided with more individual ownership of private vehicles and greater public subsidization of road infrastructure, both of which enabled people to commute longer distances. As a result, the
city became overrepresented by pensioners and young people attending public universities, neither of whom contributed greatly to the city’s tax revenue.
Facing the loss of its traditional manufacturing base and a stagnating economy, the city
government began to take radical steps to spur economic growth and entice people to move back into the city.2
In 1990, an historic alliance formed between Prime Minister Poul Schlüter of the Conservative People’s Party, Social Democratic party leader Svend Auken, and the Social Democratic mayor of Copenhagen Jens Kramer Mikkelsen. Political coalitions like this are not uncommon in Denmark, a country with a long-standing tradition of compromise. However, national and local governments joining forces to tackle the challenges of the capital city was a bold move. Schlüter, Auken, and Kramer agreed to transform the city by catalyzing investment in housing and state-of-the-art infrastructure, making the city attractive to new citizens and strengthening the city’s tax base.3 Undertaking these improvements without increasing local taxes posed a challenge, so the trio decided to focus on developing public land within the city’s borders that had been left idle and unused.
To accomplish these objectives, the city and national governments created a series of publicly owned, privately run corporations with the explicit goal of regenerating large districts in the city’s core, maximizing the value of underutilized public
land, and using the revenues generated by smart zoning and asset management to finance transit and other infrastructure.





