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 whole lot of acumen because it pertains to find out how to make the most of assets,” he mentioned. “Now, like a child in a sweet retailer, you’ve received this surprising wad of money in your pocket and also you may get somewhat overzealous. That is the sort of cash that in the event you make investments it properly, it ought to final a very very long time. And I fear, particularly within the metropolis, that myopia might trump pragmatism.”
To this point, metropolis and county leaders are tight-lipped about plans to divide the greater than $500 million, after legal professional charges, to be shared by town, county and Regional Conference and Sports activities Complicated Authority. They haven’t provided a timeline for creating 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 Govt Sam Web page, mentioned Web page and Jones had not talked “intimately” and don’t have any deadline. He mentioned the attorneys have been nonetheless discussing the allocation of the settlement and that proposals haven’t been offered.