ST. LOUIS — The Housing, Urban Development, and Zoning Committee of the St. Louis Board of Aldermen today advanced legislation allocating funds from the Rams settlement. The bill will provide at least $120 million to North St. Louis and tornado recovery efforts, $75 million for citywide infrastructure and neighborhood improvements, and $55 million for Downtown.
Greater St. Louis, Inc. Managing Partner Ron Kitchens issued the following statement regarding passage of the bill by the HUDZ Committee:
“From the start, we have been strong advocates for investing a significant portion of Rams settlement funds to support tornado recovery efforts and to address long-standing disinvestment in North City.
“We have also advocated for a major investment of Rams funds into Downtown, the economic engine of the City. Investing in Downtown will drive growth that provides sustained funding for services and support of recovery efforts in the long term.
“With their passage of Board Bill 22 today, the Housing, Urban Development, and Zoning Committee took a major step forward in support of residents of North St. Louis and across the City.
“We want to thank the members of the Committee as well as Mayor Spencer and President Green for their leadership in ensuring that we are investing these funds to address the needs of St. Louis for today and tomorrow.”
Greater St. Louis, Inc. – We Drive Growth
Greater St. Louis, Inc. forges partnerships that empower growth across the 15-county St. Louis region. We convene and collaborate with business, governmental, and civic leaders to empower economic growth and prosperity in communities across the St. Louis metro area. Together, we act with intention to create a thriving and inclusive St. Louis that attracts and retains investment and talent for generations to come and creates more and better jobs for the region.