Greater St. Louis, Inc. Statement on Passage of Proposition 1 in the City of St. Louis
Voters in St. Louis City approved Proposition 1, a proposal authorizing the issuance of up to $50 million of general obligation public improvement bonds in the City of St. Louis that will provide critical funding to support essential infrastructure projects, including road and bridge replacement, street repaving, and improving our dynamic bike and pedestrian network.
Greater St. Louis, Inc. CEO Jason Hall issued the following statement today in response to the passage of Proposition 1:
As identified in the STL 2030 Jobs Plan, investment in the metro’s urban core infrastructure is an investment in the entire metro, and Greater St. Louis, Inc. was proud to be a part of the team that worked for passage of Proposition 1. These investments will make our urban core more attractive to talent and investment while not raising taxes on city residents.
The funds will also help maintain and improve public safety facilities, neighborhood recreation facilities, firehouses, and other government buildings and will support the City’s efforts to compete nationally for federal historic infrastructure funds. Crucially, Proposition 1 can provide match share funds to utilize the billions in federal dollars recently made available to communities across the country by way of the bipartisan Infrastructure Investment and Jobs Act.
In supporting Proposition 1, Greater St. Louis, Inc. made a $20,000 contribution to the campaign committee that worked to pass the initiative.