Downtown St. Louis is in a real estate ‘doom loop’

When thinking of blighted downtowns, cities like San Francisco and Portland, Oregon, may come to mind, but there is a Midwest metropolis dealing with a major problem of its own: St. Louis. One of Missouri’s major cities, a recent report in The Wall Street Journal detailed how downtown St. Louis is dealing with a so-called ‘doom loop,’ when cities become trapped in a cycle of urban decay. 

Despite being home to about 300,000 people, St. Louis has seen a decline over the past few years that has caused the city to look for ways to revitalize its shrinking downtown. Much of this has to do with a poor real estate market, as downtown St. Louis has “hit commercial rock bottom,” industry outlet The Real Deal said. 

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week’s Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

To continue reading this article…

Create a free account

Continue reading this article and get limited website access each month.

Subscribe to The Week

Get unlimited website access, exclusive newsletters plus much more.

Subscribe & Save

Cancel or pause at any time.

Already a subscriber to The Week?

Leave a Reply