ST. LOUIS–Today, the St. Louis Board of Aldermen approved legislation that distributes funds from the Rams settlement. The allocation includes a minimum of $120 million for North St. Louis recovery and tornado relief efforts, $75 million for infrastructure improvements and neighborhood revitalization across the city, and $55 million designated for Downtown development.
Ron Kitchens, Managing Partner of Greater St. Louis, Inc., shared the following remarks about the Board’s passage of this legislation:
“We are grateful to the Board of Aldermen, Mayor Spencer, and President Green for their collaborative leadership in moving this essential legislation forward. This action ensures that the Rams settlement funds will address both immediate and future needs of St. Louis.
“Today’s perfection of Board Bill 22 represents significant progress in supporting tornado recovery and reversing decades of underinvestment in North City, while simultaneously strengthening Downtown and key infrastructure throughout the city.
“Their commitment is commendable, and we anticipate swift approval from both the Board of Aldermen and the Board of Estimate and Apportionment.”
Greater St. Louis, Inc. – We Drive Growth
Greater St. Louis, Inc. builds partnerships that fuel growth throughout the 15-county St. Louis region. We bring together business, government, and community leaders to advance economic development and opportunity across the metro area. Our mission is to strategically create a thriving, inclusive St. Louis that attracts investment and talent, while generating quality jobs for the region. Learn more about our work at GreaterSTLinc.com.
