The St Louis Contrarian

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

Archive for the tag “foreclosed properties”

City of St. Louis Takes Efforts to Stabilize Foreclosed City Owned Properties

www.stltoday.com/news/local/metro/vacant-buildings-start-getting-facelifts-funded-by-special-st-louis-property-tax/article_ee892d25-c908-506a-8a67-8d86dea8c9a7.html

There are good intentions here but this program involves spending a lot of money on properties that have a questionable future. I don’t know why these properties languish in inventory so long, causing them to deteriorate further. Many more properties should be demolished and reconstructed. My experience show that there are never good results from letting vacant properties sit a long time on the market. Written by Paul Dribin

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