Downtown St. Louis

The city has made progress on two prominent vacant buildings in the past year, but rebounding from a “real estate nightmare” will take many more years.

The city’s Land Clearance Redevelopment Authority paid about $2.6 million Friday for the 10 parcels that make up the vacant parking garage and surface lot that comprise the city block.

The visual arts nonprofit said its demise was caused by a series of armed confrontations in its old building, construction delays and cuts to grant funding.

The renovations are the final step of the $380 million CityArchRiver project, the largest public-private partnership in the National Park Service's history.

A study released Wednesday by the Brookings Institution examines how St. Louis could reverse the perception of downtown as a "real estate nightmare" by converting office buildings to residential uses.

The nonprofit’s board told artists it would cease operations and furlough staff while considering a possible — but uncertain — restructuring process.

It would be a marked change for the prominent and iconic hotel site between the Gateway Arch grounds and Busch Stadium, which has sat vacant since 2014.

Several of Missouri’s statewide officials are moving their St. Louis offices into the Old Post Office in downtown.

Legislation from Alderwoman Cara Spencer would establish a mechanism for the city to reimburse 85% of Anders’ payroll, earnings and net profit taxes on new hires at the firm.

This compromise bridges the remaining gaps between Ward 7 Alderwoman Alisha Sonnier’s proposed Transform STL Act and Ward 13 Alderwoman Pamela Boyd’s alternative.