The most important query now, he mentioned, is how metropolis and county leaders will spend it.
“I don’t suppose our metropolis and county leaders have proven a variety of acumen because it pertains to how you can make the most of assets,” he mentioned. “Now, like a child in a sweet retailer, you’ve obtained this surprising wad of money in your pocket and also you would possibly get a bit of overzealous. That is the sort of cash that when you make investments it correctly, it ought to final a extremely very long time. And I fear, particularly within the metropolis, that myopia could trump pragmatism.”
Up to now, metropolis and county leaders are tight-lipped about plans to divide the greater than $500 million, after legal professional charges, to be shared by the town, county and Regional Conference and Sports activities Complicated Authority. They haven’t provided a timeline for growing a spending plan.
Nick Dunne, a spokesman for St. Louis Mayor Tishaura O. Jones, mentioned discussions amongst leaders have begun however there’s “nothing to report” but.
“As soon as we’re capable of discuss one thing, we’ll attempt to roll it out,” Dunne mentioned.
In November, Jones mentioned she was assured the events would be capable to work collectively in dividing the cash pretty.
Doug Moore, a spokesman for County Government Sam Web page, mentioned Web page and Jones had not talked “intimately” and haven’t any deadline. He mentioned the attorneys had been nonetheless discussing the allocation of the settlement and that proposals haven’t been offered.