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St. Louis Vacancy Collaborative: 2019-2021 Work Plan, Dana M. Malkus
St. Louis Vacancy Collaborative: 2019-2021 Work Plan, Dana M. Malkus
All Faculty Scholarship
Our City has a serious vacant property challenge. To effectively address vacancy, we must understand and respond to the factors that cause and perpetuate it. Much of the story of vacancy in our city, like other cities, includes a legacy of racism, disinvestment, and disengagement that has led to a breakdown in trust. We know that vacancy can result from incomplete foreclosure, bankruptcy, prolonged probate or lack of proper probate, investors with little incentive to care, judgment proof owners, bank ownership, lack of resources to repair or redevelop, lack of value, the foreclosure crisis, sprawl and weak markets.1 In …
A Guide To Understanding And Addressing Vacant Property In The City Of St. Louis, Dana M. Malkus
A Guide To Understanding And Addressing Vacant Property In The City Of St. Louis, Dana M. Malkus
All Faculty Scholarship
The City of St. Louis has a serious vacant property challenge. Since the population peak in 1950, the City has experienced a 63% decline in population and now has one of the highest rates of vacancy in the nation.1 The City has approximately 25,000 vacant properties.2 Approximately 12,000 of these are owned by the Land Reutilization Authority (LRA) or other public agencies,3 which means that approximately 13,000 are privately owned. Most of those vacant properties
are concentrated in the north and southeast portions of the City.4 For a city of its size, the City has "an …