The Downtown Development Action Plan was adopted in
1999 as a blueprint for Downtown Revitalization. The plan focused on
four key areas – the Washington Ave. Loft District, the Post Office
District, The Riverfront and the Gateway Mall. The goal was to generate
$1.4 billion in public/private investment and to establish a strong,
market rate residential base within the downtown.area.
From 1999 through 2007, $4.3 billion have been
invested in renovation, restoration and new construction. An additional
$500 million in investment is expected by year end 2008. Residential
development leads the way with over $1.4 billion invested through 2007
with an additional $200 million on the way. Over $900 million has been
invested in Sports, Arts and Entertainment; nearly $600 million in
Hotels, $520 million in Office and $250 million in Public Improvements.
Districts and neighborhoods are evolving rapidly and bringing new
businesses, residents and development opportunities throughout downtown.
For more information, email mschindler@downtownstl.org or call 314-436-6500 x223.