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The St Louis Contrarian

Providing Independent and Intelligent Insight on St. Louis Public Policy Issues

Archive for the tag “economic development”

New Economic Development Group

www.stltoday.com/business/local/leaders-of-st-louis-business-groups-form-new-economic-development/article_2d76145e-377e-554c-ad34-da672377a750.html

I question whether we need this. There are too many economic development groups already with lots of high paid staff and little in the way of results. Many question the need for economic development organizations. Written by Paul Dribin

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Economic Development Agencies in the St. Louis Region

The Business Journal published an important but superficial article this week on the plethora of development agencies in the St. Louis area, the large amount of dollars they spend, and the poor results they achieve. Sounds like a recipe for madness, but we go on our merry way. I give the Economic Development Council of St. Charles County some high marks, but that is the only agency I would give that mark to. The St. Louis County group is especially suspect. In the end, development agencies don’t bring business, overall government policies and the desire of business owners is what matters. Written by Paul Dribin

River Port in Lincoln County

Lincoln County is working hard to develop a new port on the Missouri River. Many people including me consider this to be a poor idea. First, we do not need another port. If successful, it will only steal business from other ports in the region. Second, it will be an environmental disaster. I don’t know who thinks of these things. Written by Paul Dribin

The Disparity in the Results of Economic Growth

nyti.ms/2LwayDs

An excellent article about the subject in the New York Times.

North side St.Louis Blight

www.stltoday.com/news/local/metro/four-years-after-michael-brown-was-killed-ferguson-neighborhood-still/article_3ef83c33-eb08-5016-9a83-2b7f7529355c.html

An article from Post about terrible pile of debris left from site preparation work. It shows that once again people in central city are not taken seriously

University City Development

www.bizjournals.com/stlouis/news/2018/05/29/university-city-development-proposal-mirrors.html

A very thoughtful article in the Business journal about the proposed development at 170 and Olive in University City. This is a big project and many homeowners could be displaced. They would receive just economic benefit but the overall cost to them and the community is large. Written by Paul Dribin

Six Things That “One Hundred” Tells Us – NextSTL

Six Things That “One Hundred” Tells Us – NextSTL
— Read on nextstl.com/2018/05/six-things-that-one-hundred-tells-us/

A good and thorough article in Next Stl about the lavish 100 building going up on the east side of Forest Park.

The problems with economic development

nyti.ms/2FZ1LYU

Excellent article from nut

Regional Chamber Again

Donnybrook tonight had a good discussion about the dismissal of Joe Regan as President of the Regional Chamber. The panelists comments were the same as mine, what does the organization accomplish, are the staff too highly paid, why do we need them. All good questions. Written by Paul Dribin

Community Development Subsidies in St. Louis

Community activists are outraged by TIFs , tax abatement, and other forms of development subsidies in St. Louis. There is justification for these beliefs. Another development subsidy which is more pervasive is more damaging. This takes place with the development of affordable housing where block grant funds are used to subsidize the difference between development costs and ultimate sale price of a house. Back when I worked on loan to the city I saw numerous examples of developments that cost $300,000 and sold for $100,000. Block grant funds were used to write down the development cost in the hope these properties would stimulate community development. They rarely did, but aldermen thought they would. Where is the accountability for this disaster of a policy. Worse these policies are still continuing today. Written by Paul Dribin

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