Rams Settlement Funds Touch Down in Transform Act
Date Posted: December 12, 2024
Posted In: News,
From The St. Louis American: With expectation of helping transform St. Louis’ infrastructure and its image, Mayor Tishaura O. Jones, President of the Board of Aldermen Megan Green, and Alderwoman Alisha Sonnier introduced the Transform STL Act on Wednesday at City Hall.
The bill, if approved by the Board of Aldermen, would target the Rams Settlement Funds into several categories including infrastructure, development, and families and children.
“From Delmar to Dutchtown to Downtown, every neighborhood deserves to benefit from these settlement funds,” said Mayor Tishaura O. Jones.
“This is a once-in-a-generation opportunity that will be used to transform the lives of many generations to come.”
The Transform Act would direct money from the Rams Settlement into the following funds:
Infrastructure ($100 million) – Citywide Water Infrastructure Fund – $40 million; Citywide Mobility Infrastructure Fund – $60 million.
Development ($100 million) -Citywide Housing Fund – $70 million; Citywide Neighborhood Development Fund – $30 million.