By Antonio D. French
Filed Thursday, February 9 at 8:17 AM
Ald. Charles Quincy Troupe (1st Ward) is working on a resolution that would call upon the City's Land Reutilization Authority (LRA) to improve the way they maintain and sell their property.
The LRA is a branch of the St. Louis Development Corporation. It maintains, markets, and sells acquired properties and performs land assemblage for future development. Land assemblage, or "banking", can take decades. In the meantime, critics argue, buildings sit in unsafe and undesirable conditions. This is a very large problem in north St. Louis, where many blocks look more like war zones than part of a city experiencing a comeback.
At this week's meeting of the Public Safety Committee, Troupe talked about the problems with the LRA and its effect on northside property values.
0 Comments:
Post a Comment
<< Home