ST. LOUIS — The Housing, Urban Development, and Zoning Committee of the St. Louis Board of Aldermen has moved forward with legislation to distribute Rams settlement funds. The approved bill directs a minimum of $120 million toward North St. Louis communities and recovery from recent tornadoes, $75 million for improvements to city infrastructure and neighborhoods, and $55 million for Downtown development.
Ron Kitchens, Managing Partner of Greater St. Louis, Inc., shared the following remarks following the HUDZ Committee’s approval of the bill:
“We have consistently championed the use of Rams settlement funds to support tornado recovery and to reverse years of underinvestment in North City.
“Additionally, we have pushed for substantial Rams funding to be directed toward Downtown, which serves as the economic center of our city. By investing in Downtown, we position ourselves for economic expansion that generates ongoing revenue to support services and aid recovery initiatives both now and in the future.
“The Housing, Urban Development, and Zoning Committee’s approval of Board Bill 22 represents meaningful progress for North St. Louis residents and the entire city.
“We extend our gratitude to Committee members, Mayor Spencer, and President Green for their commitment to directing these resources toward meeting St. Louis’s current and future needs.”
Greater St. Louis, Inc. – We Drive Growth
Greater St. Louis, Inc. builds strategic partnerships that fuel growth across the 15-county St. Louis region. We bring together business, government, and community leaders to advance economic development and opportunity throughout the St. Louis metropolitan area. Our collaborative approach is designed to build a dynamic, equitable St. Louis region that draws and keeps investment and skilled workers while generating quality employment opportunities for all residents.
