urbanSTL

Bit of a misdirection in the article-   This $1.2t *hard infrastructure bill was separated out from “human” infrastructure that will be part of the $3.5t voted on throughly budget reconciliation (final tag probably in the 2s)

* there reason it’s $550b in new spending is that the other 600+b was already allocated but not used (like $200b in previous covid bills from last year)

^ Couldn't have stated it better.   

On different front, Mayor Jones and  Lewis Reed simply need to get their act together to finalize a spending agreement on Rescue funds.    Doing this piecemeal approach separately doesn't move things forward or address any serious issues  in my opinion.  Just another version of populist politics on the local level.  And Yes, I would give both of them equal blame on the standoff.  

https://www.bizjournals.com/stlouis/new ... -plan.html

Mayor Tishaura Jones will sign an executive action to direct $3 million in local money to fund housing assistance, coronavirus outreach and mobile vaccine efforts.

The move, she said on her 100th day in office, is necessary as she continues a standoff with Board of Aldermen President Lewis Reed on how to spend multitudes more in federal stimulus money.

Will take some time to play out but House finally able to find a way to push the infrastructure bill through to Biden.  Wish they would have done the Senate passed bipartisan Innovation Act of 2021 which would put some much needed funding back into chip development, basic R&D and a new push for NASA.    

But in the meantime, it will be interesting to see how the region can leverage things and get a piece of the funding.   Of course my wishful thinking includes a number of things that revolved around I64/Grand Ave/FPP/Market redo, a raised freeway teardown & new blvd between Wash Ave & Cass Ave, more brickline progress, more progress on Lincoln corridor and an extended River Runner to Memphis onto New Orleans.    

https://www.cnn.com/politics/live-news/ ... index.html

With the Build Better Back plan I wish they would do a little more work to find some cost savings as same time revamp corporate tax more such that you don't necessarily raise the corporate rate but get ride more loop holes and stick with the floor/minimum so we don't see these rich corporations keep paying single digit effective tax rates and run up stock prices with huge stock buybacks.   I'm one of those centrist who wants to see CBO come back with a cost revenue neutral ruling

$8,000,000,000 in coming to Missouri. Stl area can expect about 33% of that.

dbInSouthCity wrote: ↑

Nov 07, 2021

$8,000,000,000 in coming to Missouri. Stl area can expect about 33% of that.

Too bad the loop trolley denial screwed off any chance of public transit investment.

Is that proven or is that just wild speculation?

goat314 wrote: ↑

Nov 07, 2021

dbInSouthCity wrote: ↑

Nov 07, 2021

$8,000,000,000 in coming to Missouri.  Stl area can expect about 33% of that.

Too bad the loop trolley denial screwed off any chance of public transit investment.

Although the Loop Trolley grant wasn't approved, wasn't the rest of the request? Including $9 million for new buses? 

Yes the rest of the list was approved by EWG board.  Metro gets $9m in new buses every year.   They could actually take the entire $22-25m for buses every year because how the scoring works but because that wouldn’t be fair to others they’re capped at $9m.  This program has no relevance on the Feds approving addition investment in new lines of light rail in STL.

dredger wrote: ↑

Nov 06, 2021

With the Build Better Back plan I wish they would do a little more work to find some cost savings as same time revamp corporate tax more such that you don't necessarily raise the corporate rate but get ride more loop holes and stick with the floor/minimum so we don't see these rich corporations keep paying single digit effective tax rates and run up stock prices with huge stock buybacks.   I'm one of those centrist who wants to see CBO come back with a cost revenue neutral ruling

Don't worry about it, money isn't real.

pattimagee wrote: ↑

Nov 08, 2021

We have to have projects for transit funds to be allocated to right? Or is there enough time for them to scrap this BRT study together? 

Just curious what happens here as I'm a novice in this sector. 

I haven’t gotten into the weeds of which transit programs will get these funds but generally shovel ready is what will get funded

dbInSouthCity wrote: ↑

Nov 08, 2021

pattimagee wrote: ↑

Nov 08, 2021

We have to have projects for transit funds to be allocated to right? Or is there enough time for them to scrap this BRT study together? 

Just curious what happens here as I'm a novice in this sector. 

I haven’t gotten into the weeds of which transit programs will get these funds but generally shovel ready is what will get funded

I don't believe St. Louis has any shovel-ready transit expansion projects.

They might be able to get away with phase 1 NS metrolink and ask for $400m from the regions cut but the mayor would have to work the EWG board

dbInSouthCity wrote: ↑

Nov 08, 2021

They might be able to get away with phase 1 NS metrolink and ask for $400m from the regions cut but the mayor would have to work the EWG board

Doesn't the engineering have to be done for N/S metrolink.

goat314 wrote: ↑

Nov 08, 2021

dbInSouthCity wrote: ↑

Nov 08, 2021

They might be able to get away with phase 1 NS metrolink and ask for $400m from the regions cut but the mayor would have to work the EWG board

Doesn't the engineering have to be done for N/S metrolink.

If they commit to get it done in the next 12-18 months, EWG may allocate the money

Over 500 communities applied for Build Back Better Regional Challenge. Regions will have the opportunity to grow new regional industry clusters or scale existing ones through planning, infrastructure, innovation and entrepreneurship, workforce development, access to capital, and more. In order to develop stronger proposals, the program will award $500,000 to 10% of applicants this month. Of those, ~50% will receive  $25m to $100m to implement. Could be transformational.

I feel pretty good about this for St. Louis, especially the first round.  A lot of momentum around regional cluster development (manufacturing, geospatial, bioscience, and ag-tech), a regional organization (Greater STL) leading the application, and strong alignment with the grant on equity. 

Program: https://eda.gov/arpa/build-back-better/
Applicants: https://eda.gov/files/arpa/build-back-b ... t-list.pdf
St. Louis Application Title: The St. Louis Regional Tech Triangle: Building An Advanced Manufacturing Cluster and Related Industries 

Very cool. Confident we can do this!


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https://www.stltoday.com/business/colum ... 79026.html

After some wins with Infrastructure Bill and Debt Ceiling it looks like BIDEN admin will need to work on a path forward for Build Back Better and to a lesser degree the  Innovation Act (included semi conductor, R&D and NASA past in Senate but stalled in House) or the the smaller targeted Chips Act (semiconductor being pushed in House).    Politically voting rights is probably a no win situation if Dems push it IMO as base will be happy but mods/independents might see this as one more thing Dems do to avoid the I word, Inflation, or as Clinton said/paraphrase about going into the election, Its the Economy Stupid.

Think Biden should focus Build Back Better on some of the popular family care policies and tighten up/reduce the climate portion.   In other words, chop the bill in half and let the Parilmentarian take the hit for cutting out stuff.   In meantime, EV & battery plant investment announcements are gaining steam.  A nice add on or win for Biden would be to push Congress to pass  CHIPS act to give a push for more on shore semiconductor R&D & production.   Prefer the more encompassing Innovations Act but CHIPS would be a political selling point when barn storming. 

https://www.wsj.com/articles/senate-par ... _lead_pos6

https://www.npr.org/2021/12/16/10649277 ... ill-stalls

https://www.cnbc.com/2021/11/29/commerc ... rtage.html