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City of St. Louis Files Petition to Acquire Railway Exchange Building & Parcels Through Eminent Domain

To eliminate blight and facilitate redevelopment into more productive mixed uses as allowable by Ordinance 71755, on October 3, the Land Clearance for Redevelopment Authority of the City of St. Louis (LCRA), a development board staffed by St. Louis Development Corporation (SLDC), filed a petition in the 22nd Judicial Circuit Court of St. Louis, Mo., to acquire property through Eminent Domain in the Locust St./ North 6th St./ Pine St./ North 7th St. Redevelopment Area.

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U.S. Department of the Treasury Awards SLDC $25 Million in New Markets Tax Credits to Benefit Local Development Projects

In the latest round of allocations announced by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund), St. Louis Development Corporation (SLDC) was selected to receive $25 million in New Markets Tax Credits (NMTC) to further economic justice and assist local development projects.

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St. Louis Leaders Celebrate Procter and Gamble’s $180 Million Expansion in North City

Earlier this month, representatives from St. Louis Development Corporation (SLDC) and the St. Louis Economic Development Partnership (STL Partnership) joined Mayor Tishaura O. Jones and P&G’s leadership to celebrate the company’s $180 million expansion, which will result in the creation of new jobs at the 17-acre North St. Louis campus where the company produces Cascade, Mr. Clean, Swiffer and Febreze products.

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U.S. Environmental Protection Agency Awards $2.5 Million Brownfields Grant to SLDC for Community Rehabilitation and Revitalization

In May, the U.S. Environmental Protection Agency (EPA) announced over $300 million in grant awards from President Biden’s Investing in America agenda to help States, Tribal Nations, local governments and non-profit organizations assess and clean up polluted brownfield sites across the country.

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Elevate Gateway Mall as St. Louis Metro’s “Central Social District,”says New Report from Urban Land Institute

To strengthen the work underway to make Downtown St. Louis safe, vibrant, and beautiful, the Gateway Mall --- the continuous stretch of green space anchored by the Gateway Arch on the east and CITYPARK Stadium on the west, bound by Market Street on the south and Chestnut on the north --- should be elevated as the metro’s “central social district” and a spine for Downtown’s cultural economy, according to a new report from leading national land use organization the Urban Land Institute.

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City of St. Louis, Business Community Establish Public-Private Partnership to Focus on Accelerating the Revitalization of Downtown

With a focus on accelerating efforts to make Downtown St. Louis “safe, vibrant, and beautiful,” leaders from the City of St. Louis and the metro’s business community came together today to announce the establishment of a public-private partnership that will focus on accelerating the work needed to revitalize the heart of the metro.

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SLDC Statement on Wall Street Journal Article About Downtown St. Louis

As the economic development agency serving the City of St. Louis, SLDC is bullish about the future of Downtown. While we understand there are layers of disinvestment that are not going to be reversed overnight, SLDC is committed to continuing to invest in making our downtown a more vibrant epicenter for businesses, residents and visitors.

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New Incentives Launched to Attract Retail Businesses to Downtown

New pop-up shops with local vendors selling handmade items. Families enjoying dinner in new outdoor seating outside local restaurants. A major national retail chain opening their first store. These are the types of things Downtown residents, workers, and visitors will see as a result of new incentives Greater St. Louis, Inc. and the St. Louis Development Corporation have partnered on to attract retail businesses to Downtown St. Louis.

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