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There are tons of beautiful brick buildings in North St. Louis (one of the areas highlighted in the article), which are blighted over time, as they start crumbl
by geerlingguy 3y ago
There are tons of beautiful brick buildings in North St. Louis (one of the areas highlighted in the article), which are blighted over time, as they start crumbling after decades of no maintenance.
One such building is this an old victorian mansion that's slowly and meticulously being restored by a local: https://www.youtube.com/channel/UCuteYo4Kgm1t1DqkUV33BcQ https://www.youtube.com/channel/UCuteYo4Kgm1t1DqkUV33BcQ
I've visited the area a few times (and used to drive through it on the way into the city), and it's a little depressing how every time I drive through I see another couple of buildings gone.
Just last month, one of the historic church buildings (mostly brick) burned down [1], while last year another historic church building that was converted into an indoor skate park (Sk8 Liborius) also burned down [2].
The tough thing is, the developers in that area are happy to let all the buildings rot and fall over, and eventually they can sell larger plots of land to projects like the NGA, who are building a new $2 billion HQ [3]
[1] https://www.ksdk.com/article/news/local/crews-battle-fire-at-historic-vacant-church-in-st-louis/63-8fd9a3c0-681a-4afd-943d-ede411ba47c0 https://www.ksdk.com/article/news/local/crews-battle-fire-at...
[2] https://spectrumlocalnews.com/mo/st-louis/news/2023/06/29/flames-engulf-sk8-liborius-early-thursday--fire-spreads-to-another-vacant-building https://spectrumlocalnews.com/mo/st-louis/news/2023/06/29/fl...
[3] https://www.stlpr.org/economy-business/2022-12-20/ngas-nearly-2-billion-new-western-headquarters-reflects-datas-growing-role-in-warfare https://www.stlpr.org/economy-business/2022-12-20/ngas-nearl...
- fdsjh2jfa 3y ago> The tough thing is, the developers in that area are happy to let all the buildings rot and fall over, and eventually they can sell larger plots of land to projects like the NGA, who are building a new $2 billion HQ [3] You're being awfully unfair to "developers." NGA was built on the former Pruitt-Igoe site. It was simply a demolished wasteland since 1976 and is now a functioning area with economic activity. As for the rest of it, "developers" won't even touch these buildings, many are abandoned and worth less than free considering the tax liens.
- anamax 3y ago> The tough thing is, the developers in that area are happy to let all the buildings rot and fall over, That's not how developers work. Developers make money by, wait for it, developing. Developers don't "buy and wait for rot". They don't buy until they're ready to develop or the cost+carrying is almost free, which is after someone else has let the rot happen. Developers lose money holding. They buy as late as possible because undeveloped land/buildings are another word for "cash going out the door" and the cost of said assets is money that could have been spent on buying something to develop NOW.