ST. LOUIS – The St. Louis Board of Aldermen has approved a $255 million spending plan involving the city’s share of Rams settlement funds. The plan now heads to the mayor’s desk for review.
The Board of Aldermen completed a third reading of Board Bill 22 on Thursday and approved the plan by a 12-3 vote, the final step before it goes to Mayor Cara Spencer and could be signed it into law.
The legislation allocates $120 million to North St. Louis and tornado recovery efforts, $80 million for citywide infrastructure and neighborhood improvements, and $55 million for downtown.
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Greater St. Louis Inc., a regional economic development organization, shared the following statement after Thursday’s vote:…