North city has a vacancy problem. The vacancy presents itself in a variety of ways. Vacant lots. Vacant buildings. Abandoned industrial sites. The vacancy costs taxpayers dearly. LRA must manage the inventory of abandoned tax foreclosed properties. Vacant privately owned properties hurt neighboring properties and attract crime. They help further the negative image of north city and the city at large.
Small interventions are positive, but large, well funded interventions are needed. Combatting vacancy creates jobs and helps turn around the city's negative image. The question is how and where? McKee's Northside project is one large intervention to combat vacancy. If successful, it will turn around over 1,000 acres. But as a percentage, McKee's Northside represents a tiny fraction of north city. And it took over fifty years of decay before McKee was able to gather his project together.
Everyone has their own ideas about how to combat vacancy in St. Louis, but individuals will have little success and their ideas mostly are at the micro level. What about larger scale initiatives that can move markets, change impressions, and attract large funding commitments? How can St. Louis be a model for converting abandonment and decay into sustainable growth?
To attract private investment, a market return must be in the mix. Perhaps a model of public and private investment, where public dollars help to support return on private investment, and permanent jobs are created to grow the region's economy?
Small interventions are positive, but large, well funded interventions are needed. Combatting vacancy creates jobs and helps turn around the city's negative image. The question is how and where? McKee's Northside project is one large intervention to combat vacancy. If successful, it will turn around over 1,000 acres. But as a percentage, McKee's Northside represents a tiny fraction of north city. And it took over fifty years of decay before McKee was able to gather his project together.
Everyone has their own ideas about how to combat vacancy in St. Louis, but individuals will have little success and their ideas mostly are at the micro level. What about larger scale initiatives that can move markets, change impressions, and attract large funding commitments? How can St. Louis be a model for converting abandonment and decay into sustainable growth?
To attract private investment, a market return must be in the mix. Perhaps a model of public and private investment, where public dollars help to support return on private investment, and permanent jobs are created to grow the region's economy?




