St. Louis is on a path to bankruptcy. Should it be allowed to sell vacant condemned buildings to make ends meet?
Photo above – Interco Plaza, St. Louis. Formerly a newspaper publisher, and before that a railroad junction. The site is currently fenced to keep squatters. vandals, drug dealers and homeless encampments at some remove.
There are a LOT of details about the St. Louis city budget. I won’t go into all of them. 2025 spending will be $1.4 billion. It gives 7% raises to firefighters, and 3% to everyone else. The city spends $5,000 per resident – including infants and children. Their population is shrinking 2% a year, as residents die off or flee.
To help balance the St Louis budget, someone on city council wants to sell an empty building surrounded by a chain link fence. There is debris all over concrete apron inside the fence. The city is now being sued by ANOTHER council member for selling “an undeclared park”.
The vacant eyesore has no grass, no trees, and no public amenities. Obviously, whoever is suing to stop the sale isn’t using this debris field as a park. Someone simply believes a vacant firetrap is a more appropriate use city property than selling it provide affordable housing and/or the parking spaces that go with it.
NIMBY (Not In My Backyard) has reached the apogee of insanity.
If that vacant city office building remains unused/unsold, the city will be unable to collect property taxes on from a future owner. Those uncollected taxes would have helped improve schools, fix potholes, and cover the wage increases for firefighters, teachers, and police. Somebody is saying no to all that, and has their fingers crossed that this firetrap could become a legitimate park someday far in the future and increase the property values of someone's nearby homes.
This is why we can’t have nice things in America. Some jerk always wants to corral every vacant lot and turn it into green space for the benefit of their own home's value.
I’m just sayin’ . . .
Auditor: St. Louis Public Schools could be bankrupt in 6 years | STLPR
City Throws Away Millions of Dollars Previously Invested in Interco Plaza
U.S. Cities Where People Pay the Most in Taxes - Chamber Of Commerce










