St. Louis taking new approach to development

St. Louis officials unveiled their plans Jan. 28 to use a new market value analysis of city real estate to help better direct public money and encourage private investment and redevelopment.

Instead of a ward-based approach to determining how to spend development dollars, the city will now use data – a collection of housing statistics and maps – to target public resources.   

The new analysis is funded by the U.S. Department of Housing and Urban Development, which is calling on the city to clean up its community development support. The data-focused approach essentially comprises a map of residential real estate conditions across the city, according to the St. Louis Post-Dispatch.

Read more from the St. Louis Post-Dispatch.