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In 2017, 66 projects were approved for tax incentives. That number dwindled to 11 in 2023.
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The 28-story, 780-room hotel closed in 2014. The foundation plans to work with the city, Greater St. Louis Inc. and the St. Louis Development Corporation on a plan to redevelop the site.
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It gives three north St. Louis neighborhoods a better platform to approach the city or private funding sources for economic development projects.
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The small district tucked directly north of the Gateway Arch National Park has quietly undergone a massive redevelopment in the past half-dozen years.
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The Railway Exchange building has been vacant since 2014 and has become a high-profile downtown eyesore riddled with trespassing and other crime.
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Historically, St. Louis has had few basketball courts in south city. These new ones follow additions at Tower Grove Park and Forest Park in recent years.
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The nonprofit purchased properties to renovate or demolish existing houses and to construct new ones like those in the housing development, a 20-home subdivision called Lansdowne Park.
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Last month, the Land Clearance for Redevelopment Authority Board first brought up the possibility of a blighting study and redevelopment plan, but the board voted to table that item as the draft of the study wasn’t complete.
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The investment includes more space to store shelf-stable and perishable food as well as a new teaching kitchen and other programming for members of the regional community.
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St. Louis has roughly 20,000 vacant properties, most of which are in north city and have no buildings on them.