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PostOct 11, 2023#5426

Downtown St. Louis 'passed the bottom,' Cardinals owner Bill DeWitt III says, but street improvements are late

“I just feel like we've hit bottom on many levels, including activity levels, development levels and safety and security levels and it feels to me like we’re on a really good trajectory there,” DeWitt said in an interview.

But DeWitt also said a multimillion-dollar infrastructure project designed to better connect Ballpark Village to Washington Avenue, for which DeWitt has led fundraising, has been delayed from its original timeline. Officials behind the project say they expect it to begin soon. DeWitt said his enthusiasm about the state of downtown stems from increased security patrols, new public safety leadership and the team’s own internal efforts to provide safety around Busch Stadium. 

While the Covid-19 pandemic significantly decreased foot traffic and events in downtown in 2020, with the Cardinals that year playing a season without fans in attendance at Busch Stadium, DeWitt said more downtown commuters have steadily come back as the pandemic has waned. But he noted trends like work from home and smaller office footprints have kept the number of daily commuters off from pre-pandemic figures. That led Webster University last year to close its downtown campus, citing a decrease in corporate activity in the neighborhood. “We're way passed that low point, but we're maybe not quite where we were,” DeWitt said. His comments came in a wide-ranging interview that also included pledges to increase payroll after a bad 2023 season, even as revenue is likely to fall, and the disclosure that there is no timeline for further expanding Ballpark Village, with inflation and high interest rates to blame.
'Beefed up' security
While downtown for years has grappled with the perception of being unsafe, DeWitt said he believes security in the neighborhood is strengthening. He pointed to three factors, one of which includes a pilot program launched this summer to put more police officers downtown. The program was funded by the St. Louis Police Foundation, the St. Louis Post-Dispatch reported. DeWitt is a member of the foundation's board.

DeWitt has also celebrated new leaders at the St. Louis Circuit Attorney’s Office and St. Louis Police Department. He said Circuit Attorney Gabe Gore, who in May replaced Kim Gardner, is “doing a great job” of operating the office after taking over for the embattled Gardner. 
“That's made a real difference,” DeWitt said. 
DeWitt also mentioned St. Louis Police Chief of Police Robert Tracy, who was hired in December 2022.
“I think he has a real feel for what's needed in terms of the policing function downtown and elsewhere in the city,” DeWitt said. 
The Cardinals have also sought to have an active role in boosting downtown security and have “beefed up” the team's own use of secondary police around Busch Stadium and the adjacent Ballpark Village. 
“That's shown results for us in terms of safety and security here at Ballpark Village,” DeWitt said. 
The 2023 Cardinals season wasn’t without safety concerns, with more than two dozen cars getting broken into at lots around the stadium in May. DeWitt said the club has met with parking operators around Busch Stadium and has developed “a game plan and a strategy with all of them to be more vigilant during games.”
City police report that through September, person crimes downtown, where Busch Stadium is located, have risen about 5% compared with the same period of 2022. Those include murder and aggravated assault. But property crimes in the neighborhood are down 37% this year, police say.
Seventh Street project still on horizon
DeWitt said Thursday there are still plans to move forward with a multimillion-dollar project for infrastructure work on a stretch of Seventh Street downtown, with a goal of bettering connecting Ballpark Village with Washington Avenue. 

DeWitt said rising costs and interest rates have made bidding out the project challenging, but that city officials managing the project have told him they’re optimistic about completing the project in 2024. Officials originally said completion could come by the end of 2023. “They tell me we're still on track to get started with that pretty soon,” he said. 
The project calls for new sidewalks, ramps, lighting, traffic signals, trees and a cycle track on the west side of the street, which will be repaved along Seventh from Walnut Street north to Washington. The project has backing from private-sector business group Greater St. Louis Inc.
“Transforming 7th Street is an important part of our ongoing efforts to strengthen downtown’s vibrancy and walkability. We have made substantial progress recently with the city and our investors to finalize plans for 7th Street and plan to share more information in the near future,” Kurt Weigle, chief downtown officer for Greater St. Louis Inc., said in a statement.
DeWitt has led fundraising efforts for the proposed project and said funding remains in place for it.
https://www.bizjournals.com/stlouis/news/2023/10/11/cardinals-president-downtown-passed-bottom-louis.html

947
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PostOct 13, 2023#5427

dbInSouthCity wrote:
Oct 09, 2023
Nothing surprising there.  This time next year they should probably be announcing once rates are in the 5s
So probably looking at Phase III getting finished by 2027 or 2028 then?

9,559
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PostDec 26, 2023#5428

Did the bad #stlcards 2023 season negatively impact spending at ballpark village?

Q3 (July, August & September)
2023: $15,283,482
2022: $14,487,228
Change: +5.5%

Year Total through September
2023: $35,937,788
2022: $32,378,627
Change: +11%

474
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474

PostDec 27, 2023#5429

dbInSouthCity wrote:
Dec 26, 2023
Did the bad #stlcards 2023 season negatively impact spending at ballpark village?

Q3 (July, August & September)
2023: $15,283,482
2022: $14,487,228
Change: +5.5%

Year Total through September
2023: $35,937,788
2022: $32,378,627
Change: +11%
2024 would be the real indicator of spending.

9,559
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9,559

PostDec 27, 2023#5430

Idk if it would be better than Q3. Team sucked all summer and fans gave up going into July

991
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991

PostDec 27, 2023#5431

Do we know if their pricing increased at all? Could potentially be less total customers/transactions but still an increase in total spending.

9,559
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9,559

PostDec 27, 2023#5432

Idk but for Oct to Oct inflation report for metro STL- eating away from home is -.7% and alcohol is +1.3%

474
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474

PostDec 27, 2023#5433

Or maybe there was more people going to Ballpark Village to pregame and then deciding to just stay at the bar and drink rather than actually going into the stadium.😀

977
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977

PostDec 27, 2023#5434

Is the Katie’s Pizza Stadium location included in those numbers? If so, I would think that has a sizable impact on 2023 vs 2022. It opened this Spring and seems to be pretty successful.

9,559
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PostDec 27, 2023#5435

The CID is made up of the two-block-wide area directly north of Busch Stadium, bounded by Clark on the south, Walnut on the north, Broadway on the east, and 8th Street on the west. The original CID (Ordinance 67411) did not include what was a small triangular area west of Stadium Plaza and east of 8th Street. The amended CID (Ordinance 68291) added that triangular area, making the CID a full rectangle.

PostJan 09, 2024#5436

Cardinals are still not only very bulish on residential tower but also another office tower.

5,705
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5,705

PostJan 10, 2024#5437

^ Thanks for the optimism but tough to get excited BPV when actions speak to zero chance of any risk and or speculation on part of owners.   My bet on next residential tower is AHM West Downtown wood frame over BPV and or Kingshighway & Lindell.  Having even a tough time seeing any of three breaking ground until Feds reduce interest rates down a percentage or two   

12K
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12K

PostJan 10, 2024#5438

The Cards have been "bullish on a new residential tower as well as office" for many, many years. Nothing has changed. 

134
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134

PostJan 10, 2024#5439

framer wrote:
Jan 10, 2024
The Cards have been "bullish on a new residential tower as well as office" for many, many years. Nothing has changed. 
Perception. If they weren't "bullish", you'd see an exodus out of Ballpark Village.

That being said, I do think it is merited.  Now it just comes down to financing and timing.

9,559
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9,559

PostJan 10, 2024#5440

framer wrote:
Jan 10, 2024
The Cards have been "bullish on a new residential tower as well as office" for many, many years. Nothing has changed. 
not sure about that, a lot of people were bullish in 2019 about a lot of things and that went away after 2020-2022.  

474
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PostJan 10, 2024#5441

dbInSouthCity wrote:
Jan 10, 2024
framer wrote:
Jan 10, 2024
The Cards have been "bullish on a new residential tower as well as office" for many, many years. Nothing has changed. 
not sure about that, a lot of people were bullish in 2019 about a lot of things and that went away after 2020-2022.  
I do think it is a matter of interest rates coming down.

2
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PostJan 24, 2024#5442

I heard a rumor that there's a budget request for 2 Cardinal Way. I guess they are moving forward with Phase III.

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1,797

PostJan 24, 2024#5443

Big, if true.

3,544
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PostJan 24, 2024#5444

WintheLou wrote:
Jan 24, 2024
I work in electrical construction management and I just received a request for budget from Clayco for 2 Cardinal Way. I guess they are moving forward with Phase III.
Any idea on the size of 2 Cardinaly Way? What would phase 3 entail?

9,559
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9,559

PostJan 24, 2024#5445

Residential and office but office may not start at same time as they work on a anchor tenant. 

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PostJan 24, 2024#5446

goat314 wrote:
Jan 24, 2024
WintheLou wrote:
Jan 24, 2024
I work in electrical construction management and I just received a request for budget from Clayco for 2 Cardinal Way. I guess they are moving forward with Phase III.
Any idea on the size of 2 Cardinaly Way? What would phase 3 entail?
A few stories taller than OCW. I won't share anything else for NDA reasons.

3,544
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PostJan 24, 2024#5447

WintheLou wrote:
Jan 24, 2024
goat314 wrote:
Jan 24, 2024
WintheLou wrote:
Jan 24, 2024
I work in electrical construction management and I just received a request for budget from Clayco for 2 Cardinal Way. I guess they are moving forward with Phase III.
Any idea on the size of 2 Cardinaly Way? What would phase 3 entail?
30 Story tower, 24 levels of apartments, 2 levels of amenities, 5 levels of above-grade parking, 1 lobby/retail level.
Has the same architectural style as OCW but will stand about 2-3 Stories taller. It will sit on the NE lot of the BPV footprint.
I have architectural drawings but don't want to share them for NDA purposes.
Whoa that's big. I wish they'd change the architectural design up a bit, but beggers can't be choosers I guess.

502
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502

PostJan 24, 2024#5448

This is good news, but I’d advise you to not elaborate further. This is already set to set off an information search by members of the media. These are very specific things (plans quietly out for bid, height, breakdown of the floors, general design, and what parcel it’ll go on).

708
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708

PostJan 24, 2024#5449

Welcome to the forum, WintheLou! Heck of a first post!

405
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405

PostJan 24, 2024#5450

Chris is right.  DM me the rest of the details instead. 😉

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