St. Louis Development Corporation

The $2.6 million Wi-Fi installation project aims to broaden access to high-speed internet for residents.

St. Louis Alderwoman Cara Spencer has resigned from the city’s nonprofit development arm, the St. Louis Development Corporation, citing internal dysfunction and a lack of transparency.

The development by AHM Group aims to transform 12 acres north of CityPark into more than 450 apartment units and tens of thousands of square feet of offices and retail.

The longtime home of Famous-Barr’s flagship store has been vacant since 2013. The city had it condemned last year.

In 2017, 66 projects were approved for tax incentives. That number dwindled to 11 in 2023.

Owners of one of St. Louis’ and Kansas City’s highest-profile development firms face federal fraud charges in an alleged scheme that officials say defrauded a St. Louis city minority and women’s owned business program.

The Railway Exchange building has been vacant since 2014 and has become a high-profile downtown eyesore riddled with trespassing and other crime.

The old paradigm in downtown St. Louis, that of a central business district with millions of square feet of office space, has faltered in recent years.

St. Louis business leaders announce financial incentives aimed at bringing businesses downtown. They say $350,000 in grants and other incentives could attract retail shops, restaurants and pop-up enterprises.

“Economic justice is a team sport. Government cannot do this alone," said Mayor Tishaura Jones. "When done in collaboration with our philanthropic civic and private sector partners, we can make a lasting difference for generations to come."