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St. Louis is a masterpiece in progress.
It is true that the region’s center city is in the midst of an economic revival. But this urban success story is only beginning to bud, as people in the public and private arena work shoulder to shoulder on this enduring revitalization effort.
In this month’s St. Louis Commerce Magazine, writer Bill Beggs Jr. reveals that out-of-town investors are taking a second glance at St. Louis because it boasts more late-19th century buildings than any other locale. This detail impresses the St. Louis District Council of the Urban Land Institute and Diane Davis, its executive committee chair. She likens the swift pace by which
St. Louis is speeding to economic greatness to a juiced-up sports car.
“There’s a lot of power under the hood.”
Major cities also are taking notice, and reporting on, St. Louis’ path to greatness. A recent article in The New York Times, penned by Linda Tucci, proves that St. Louis’ downtown evolution has garnered national attention.
“In the last six years, a comprehensive plan to reinvigorate (St. Louis’) downtown has been set in motion, and more than $2.5 billion has been committed to 125 projects. While many initiatives are still in their infancy, a few are far enough along that national developers are said to be taking notice, investing
hundreds of millions of dollars in the future of downtown St. Louis.”
Also in this month’s Commerce, we focus on the housing boom in our region that has overtaken Southwest Illinois, because the economic base of the greater St. Louis market is diverse and strong. Additionally, residents are finding an easier commute to downtown
St. Louis given improvements to highways and bridges.
Commerce writer Christine Imbs spotlights Barrett Toan, who in April retired as CEO from Express Scripts, a pharmacy benefits company headquartered in St. Louis that posted $13.2 billion in revenues. Only 57, Toan jokingly says he will now either become a rock star or play linebacker for the St. Louis Rams.
We wish him well.
Also in this issue, we highlight financial technology that is changing the way U.S. Bank does business in St. Louis. Finance has never been more fast, furious and efficient, thanks to high-tech innovations that keep revenue safely flowing, says Joe Hasten, U.S. Bank vice chairman.
And speaking of U.S. Bank, it is the primary sponsor of the fifth annual St. Louis Jazz Festival held June 24-25 at Shaw Park in Clayton. The increasingly popular event benefits not only jazz musicians and all who love them, but it also further boosts St. Louis’
reputation as the host of quality art festivals.
We hope you enjoy this issue of St. Louis Commerce. As always, we welcome your feedback and invite your suggestions for future story ideas.
RICHARD C.D. FLEMING
President and Chief Executive Officer
St. Louis Regional Chamber and Growth Association
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