StlToday - Aldermen to scrutinize special taxing districts in St. Louis
https://www.stltoday.com/news/local/gov ... 4be18.html
https://www.stltoday.com/news/local/gov ... 4be18.html
RFT - St. Louis’ ‘Murder Shell’ Offers Guide for Neighbors of Nuisances
https://www.riverfronttimes.com/news/sh ... s-42306641
https://www.riverfronttimes.com/news/sh ... s-42306641
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$30M of ARPA funds (remember ARPA?) about to be unleashed. We're about to find out what $30M looks like.
https://www.ksdk.com/article/money/busi ... 1da883ca84
https://www.ksdk.com/article/money/busi ... 1da883ca84
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I’m sure there are certain strings attached to that money, but I wouldn’t mind using money like this to start a fund that provides low interest loans to these businesses.
Tack an extra 1% sales tax on participating businesses through the life of the loan to help subsidize the financing.
Tack an extra 1% sales tax on participating businesses through the life of the loan to help subsidize the financing.
I wonder what relative gain or upside for rehab vs a new build when you consider impact on increasing financing/interest rate? thoughts? For new build it seems pretty straight forward, higher the interest rate the higher impact/cost as a direct correlation. However, as noted on a couple downtown rehab projects downtown announced or seem to be going forward you got some offsets that
First, rehabbing costs money in its own right but a big chunk of materials is already accounted for in a built property that most likely purchased at a reduced value, purchase price. Is this cost a wash? Second, a robust historical tax credits seems like a big plus at moment. Is this taking a few percentage points off the financing?
First, rehabbing costs money in its own right but a big chunk of materials is already accounted for in a built property that most likely purchased at a reduced value, purchase price. Is this cost a wash? Second, a robust historical tax credits seems like a big plus at moment. Is this taking a few percentage points off the financing?
Three TIFs have been paid off
BB168 - Dissolving Special Allocation Funds for Various Tax Increment Financing Areas
3800 Park Avenue, the Gravois Plaza, and 6175-81 Delmar (Moonrise Hotel)
https://www.stlouis-mo.gov/government/c ... BBId=16639
The Moonrise one started in 2010, so less than the max 23 years.
BB168 - Dissolving Special Allocation Funds for Various Tax Increment Financing Areas
3800 Park Avenue, the Gravois Plaza, and 6175-81 Delmar (Moonrise Hotel)
https://www.stlouis-mo.gov/government/c ... BBId=16639
The Moonrise one started in 2010, so less than the max 23 years.
https://www.firstalert4.com/2025/02/27/ ... s-reality/
KMOV article about one of the many successes of the North City grant program. It's important to remember that despite the significant amount of coverage about the issues with the grant program, the average outcome is not that.
KMOV article about one of the many successes of the North City grant program. It's important to remember that despite the significant amount of coverage about the issues with the grant program, the average outcome is not that.
Wow a mortuary just the type of economic development the Northside needs.
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A $1.7M mortuary.Ebsy wrote: ↑Mar 01, 2025Wow a mortuary just the type of economic development the Northside needs.
Black-owned mortuaries have always been a significant source of pride and self-empowerment within the black community. No need to belittle them.Ebsy wrote: ↑Mar 01, 2025Wow a mortuary just the type of economic development the Northside needs.
Getting acquainted to our new home in Downtown Dallas being that my wife is one of multiple folks who had to/we decided to follow her ATT job to its new location..
My thoughts go to the fact even booming Dallas has a huge amount of surface lots, available land in its urban core and my wishful, dreaming of being a developer seems likes there is a huge potential for rowhouse/townhouse/well designed single residential everywhere. Also, thinking that getting ownership instead of just more apartment blocks also has its benefits for the urban core. So wondering if someone with good insight on how or why national home builders don't put some effort here? lack of demand in there mind for various reasons (Dallas has it own share of homelessness just as we saw out west in San Fran)? The land values on these lots out of whack because everyone thinks they are sitting on a gold mind or simply can afford to wait?
I understand the tax the crap out of empty lot argument but don't think it will get desired effect. I would argue an incentive bonus is better, build rowhouses and you get a grant on land value for taking on risk or say a mortgage grant to homebuyer to pay for a big chunk of down payment. Would that be something that work for land rich St Louis considering city has some opportunity in budge/Rams settlement fund? Current POTUS is not going to bring in a lot of immigration. So pulling people back into area on better housing/more affordable options is an avenue.
My thoughts go to the fact even booming Dallas has a huge amount of surface lots, available land in its urban core and my wishful, dreaming of being a developer seems likes there is a huge potential for rowhouse/townhouse/well designed single residential everywhere. Also, thinking that getting ownership instead of just more apartment blocks also has its benefits for the urban core. So wondering if someone with good insight on how or why national home builders don't put some effort here? lack of demand in there mind for various reasons (Dallas has it own share of homelessness just as we saw out west in San Fran)? The land values on these lots out of whack because everyone thinks they are sitting on a gold mind or simply can afford to wait?
I understand the tax the crap out of empty lot argument but don't think it will get desired effect. I would argue an incentive bonus is better, build rowhouses and you get a grant on land value for taking on risk or say a mortgage grant to homebuyer to pay for a big chunk of down payment. Would that be something that work for land rich St Louis considering city has some opportunity in budge/Rams settlement fund? Current POTUS is not going to bring in a lot of immigration. So pulling people back into area on better housing/more affordable options is an avenue.
Any substance and or details in regards to the Biz Journals article. Can certainly understand that new administration would change things upbut not sure what tangible changes are being sought or proposed for the St Louis Development Corporation. Seems like it would impact city development or the possibility of impacting development going forward.
https://www.bizjournals.com/stlouis/new ... 0#cxrecs_s
https://www.bizjournals.com/stlouis/new ... 0#cxrecs_s
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She’s appointing her chief of staff to be the SLDC board chair in order to knee cap Neal Richardson, who’s been the most effective SLDC director in decades, who’s liked and respected by developers and business community , who’s worked behind the scenes on millenium, railway and att. The buildings that so no movement for decades. They plan to drag Otis Williams out of gardening to run SLDC on interim bases all while the agency is in the middle of getting some of the most transformative projects off the ground.
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Actually crazy their first move seems to be to remove the most respected and productive person the last mayor appointed. Otis Williams was a waste for the last 20 years, Neal has been actually making moves.dbInSouthCity wrote: ↑Apr 19, 2025She’s appointing her chief of staff to be the SLDC board chair in order to knee cap Neal Richardson, who’s been the most effective SLDC director in decades, who’s liked and respected by developers and business community , who’s worked behind the scenes on millenium, railway and att. The buildings that so now movement for decades. They play to drag Otis Williams out of gardening to run SLDC on interim bases all while the agency is in the middle of getting some of the most transformative projects off the ground.
He is still the president / CEO of SLDC. He was removed from the nine member board that oversees the organization. An obvious conflict of interest. It doesn't matter who runs the SLDC or other boards we need population growth to spur real development. The development that everyone on this site hopes to see. Until then, we will see one off siloed development projects that always are a struggle to get out of the ground.mjbais1489 wrote: ↑Apr 21, 2025Actually crazy their first move seems to be to remove the most respected and productive person the last mayor appointed. Otis Williams was a waste for the last 20 years, Neal has been actually making moves.dbInSouthCity wrote: ↑Apr 19, 2025She’s appointing her chief of staff to be the SLDC board chair in order to knee cap Neal Richardson, who’s been the most effective SLDC director in decades, who’s liked and respected by developers and business community , who’s worked behind the scenes on millenium, railway and att. The buildings that so now movement for decades. They play to drag Otis Williams out of gardening to run SLDC on interim bases all while the agency is in the middle of getting some of the most transformative projects off the ground.
What basis would he be considered the "most effective director in decades"? The development that we have seen the last couple of years is the result of low interest rates and easy money. The projects that he has worked behind the scenes to move forward still have not moved forward. If you talk with developers and local development agencies they would tell you that the development we have seen was in spite of the administration in no way because of it or its appointees.dbInSouthCity wrote: ↑Apr 19, 2025She’s appointing her chief of staff to be the SLDC board chair in order to knee cap Neal Richardson, who’s been the most effective SLDC director in decades, who’s liked and respected by developers and business community , who’s worked behind the scenes on millenium, railway and att. The buildings that so no movement for decades. They plan to drag Otis Williams out of gardening to run SLDC on interim bases all while the agency is in the middle of getting some of the most transformative projects off the ground.
The Spencer people still in campaign mode is so funny.
And STLAPTS still tryna gaslight us into thinking everything was just going swimmingly pre-Jones and all went to hell under Jones even though the data doesn't support that, so we need to say that data actually has nothing to do with the city's government at all and was just a coincidence. Apparently.
I would get so confused trying to keep all this bullsh*t in line.
And STLAPTS still tryna gaslight us into thinking everything was just going swimmingly pre-Jones and all went to hell under Jones even though the data doesn't support that, so we need to say that data actually has nothing to do with the city's government at all and was just a coincidence. Apparently.
I would get so confused trying to keep all this bullsh*t in line.
These are all points I have consistently made on this forum for years. Nothing to do with the campaign.Auggie wrote: ↑Apr 22, 2025The Spencer people still in campaign mode is so funny.
And STLAPTS still tryna gaslight us into thinking everything was just going swimmingly pre-Jones and all went to hell under Jones even though the data doesn't support that, so we need to say that data actually has nothing to do with the city's government at all and was just a coincidence. Apparently.
I would get so confused trying to keep all this bullsh*t in line.
The #Stl Planning Commission is considering reducing minimum lots sizes for single and two-family homes!
Single fam 4,000 to 2,000 sf.
2-fam 2,500 to 1,500 per unit in "B' zones, less in higher zones.
Public hearing June 17
https://www.stlouis-mo.gov/government/d ... 25-ZTX.pdf
Single fam 4,000 to 2,000 sf.
2-fam 2,500 to 1,500 per unit in "B' zones, less in higher zones.
Public hearing June 17
https://www.stlouis-mo.gov/government/d ... 25-ZTX.pdf
