~ The Board of Aldermen in St. Louis has announced that they will be deciding how to allocate the Rams settlement funds, after more than a year of gathering ideas and feedback from the public. This decision will address a variety of priorities that have been backed by residents throughout the city.

In January 2024, members of the public identified six priority areas for funding, including water and street infrastructure, Downtown streets and sidewalks, subsidized child care for city residents, and the establishment of a revolving redevelopment loan fund to support distressed areas. These priorities were determined through previous public hearings held in Fall 2023, where experts and advocates presented estimated costs and feasibility.

The final phase of the public engagement process is now open for online review of legislative proposals for allocating the Rams settlement. The public is invited to comment on Board Bill 131, sponsored by Alderwoman Pamela Boyd and supported by Greater St. Louis, Inc. Another comment period will follow for a bill sponsored by Alderwoman Alisha Sonnier, cosponsored by President Green, and supported by Mayor Jones.

More on TelAve News

• Regional Magazines Shine at IRMA Awards
• Matt Zavala of Zavala Law, PC Selected to the 2027 Super Lawyers List
• Sawgrass Ford President Attributes Dealerships Success to Long-Term Employees
• Ragin' Cajun Announces New Cheeseburger Seasoning on National Cheeseburger Day
• Warrant Activity, AVERSA™ Progress and a Potentially Transformative Fall Take Center Stage: Nutriband Inc. (N A S D A Q: NTRB)

This marks the first time that residents have been able to directly offer their thoughts and feedback on legislation through the online Rams settlement portal. Since its launch on Monday evening, there have already been 72 comments made on BB 131 by 32 participants. All feedback collected during this phase will be available to the public and shared with bill sponsors for consideration.

Once proposals have been assigned to the appropriate aldermanic committee, there will be another opportunity for public input through written testimony or attending hearings in person or virtually.

St. Louis City received its portion of the Rams Settlement in 2022 and placed $250 million in a Missouri Securities Investment Program where it has accrued approximately $22 million in interest. This decision was made after Resolution 48 passed at the Board of Aldermen reflecting President Green, Mayor Jones, and the Board's commitment to an extensive public engagement process to determine how the funds could create generational change for city residents.

---

Show All News | Disclaimer | Report Violation