The strength of St. Louis is in its people and unique neighborhoods. Unfortunately, many of the city’s development decisions do not reflect this fact. Since 2000, St. Louis has spent over $700 million in tax incentives with little evidence that such benefits are effective. As mayor, I will push development North and South, where it is needed most. Development incentives and tax breaks take away money from city schools, make it harder to provide basic city services like policing and trash pick-up, and are often awarded for projects in areas that need them the least. This practice must stop. As mayor, I will reform tax incentives and change the culture of development to help neighborhoods and small businesses all over the city.
Development beyond the already successful Central Corridor
A recent audit of Tax Increment Financing and Tax Abatement strategies in the City revealed that 52% of TIFs and Tax Abatements went to FOUR(4) central-corridor wards with the highest assessed property values.
As mayor, I will revamp the St. Louis government to increase planning and development for neighborhoods that have not been historically invested in.
To do this, I will:
Work with and direct our development agencies to assist with neighborhood planning and create guides for equitable growth for all of our neighborhoods, not just some of them.
Connect Neighborhood Development Organizations to important resources within city government and beyond to help them expand their capacity. Support small businesses and startups.
Reduce food and bank deserts and improve access to healthy food and affordable financial services.