Harry HB2003 Creates the Contiguous Property Redevelopment Fund. This bill creates the Contiguous Property Redevelopment Fund within the Department of Economic Development to be used for grants to the City of St. Louis for acquiring and redeveloping contiguous properties within the city. The department may promulgate rules for the administration of the program, including the form by which the City of St. Louis may apply for the grants. The department is to give preference to those projects proposing the assembly of a greater number of acres than other projects and those projects for which a private interest in the usage of the property exists, once redevelopment of the property is completed. Totals are subject to appropriation.
Totals are subject to appropriation.
Supporters say that there are numerous undeveloped and abandoned contiguous properties in the City of St. Louis. This bill would allow the City of St. Louis to apply for grants for the purpose of acquiring such properties and assisting in the initial redevelopment of multiple contiguous properties for future development. There was no opposition voiced to the committee. Hilgemann This bill creates the Contiguous Property Redevelopment Fund within the Department of Economic Development to be used for grants to the City of St. Louis for acquiring and redeveloping contiguous properties within the city. The department may promulgate rules for the administration of the program, including the form by which the City of St. Louis may apply for the grants.