Promoting Private Land Ownership In Saint Louis: A Data Update On The Land Reutilization Authority

Economy |
By Haleigh Albers | Read Time 2 minutes minutes

Dilapidated, abandoned, boarded up buildings have long been an unfortunate part of the Saint Louis landscape. They were the places where people lived, worked, and shopped just a few years ago for some and many years ago for others.

The City of Saint Louis has an agency, the Land Reutilization Authority (LRA), which manages more than 10,000 of these vacant and abandoned properties. The LRA has an enormous responsibility. Its actions, past and present, can play a major role in determining the future of this city. In a 2011 Show-Me Institute Policy Study called “Standstill: How City Agencies Have Hindered Development In Saint Louis While Waiting For Large-Scale Miracles,” then-policy analyst Audrey Spalding examined the actions and decisions the LRA makes that heavily affect the city of Saint Louis. The study found that the LRA was not fulfilling the responsibilities of the organization as created and defined in Missouri statute.

The LRA has the ability to increase private investment in Saint Louis neighborhoods, which can help create a better Saint Louis. But it cannot do that if it does not sell properties.

By building on the work presented in “Standstill,” this case study will provide insight into how the LRA has changed over the last couple of years and whether it has started to achieve the original goals tasked to it more than 40 years ago.

Read the case study:

See also the Show-Me Institute’s previous research on land banks:

 

About the Author

Haleigh Albers Haleigh Albers, a native of southern Illinois, graduated from McKendree University in 2012 with a bachelor of business administration degree in economics and finance. Haleigh is working toward her master of science degree in economics and finance at Southern Illinois University-Edwardsville. After being introduced to the concept of free-market economics during her senior year at McKendree, she began pursuing more learning experiences in line with free-market thinking. Haleigh is a policy intern at the Show-Me Institute this summer.

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