September 22, 2009 at 3:49 pm

Chouteau Greenway back in the news

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It seems like the “powers that be” in Jefferson City are at least playing lip-serviceĀ  in the effort to help revitalize St. Louis City. With their help the long discussed, sometimes pipe-dream of a project, known as the Chouteau Greenway (or Chouteau Lake District), might just be back on the table. Apparently, Governor Jay Nixon has sent an official letter to the National Transportation Secretary Ray LaHood, seeking assistance with the project. Unfortunately, as great as that might sound, even if money would find its way here, this is a huge project that would take years and cost a lot of money.

Be that as it may, if any project in St. Louis is worth this kind of investment, it is this one. Current plans would replace the industrial wasteland of railroad tracks just south of Highway 40 (I-64) with a beautiful lake (which was a naturally occurring body of water before it was drained in the 1850’s), create a new business park on the southern border of Downtown, as well as connect the Mississippi Riverfront with the rest of the park system. In short, it would truely transform St. Louis as we know it.

There is a long battle ahead if this project is to ever happen, but getting State support is an essential componanant. If Governor Nixon can convince Washington to lend a hand in moving the current railroad systems, it might actually be possible to make this happen some day. Here’s to hoping.

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Matt Kastner is the owner/broker of Threshold Investment Properties in St. Louis, Missouri. When he isn't representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business for over four years. Email Matt


Comments

2 Responses to “Chouteau Greenway back in the news”
  1. Jermeill says:

    This would be a great recreation area/destination site. With the swift current, water activities on the Mississippi River is limited. This would allow for activities in the city of St. Louis that weren’t already there (jet skiing, etc..) and could be integrated into the Riverfront Bike Trail system, increasing its diversity. It would also contribute to the further beautification of the city of St. Louis. Any opportunity to convert a wasteland to something special should be considered. Any commercial entities that would be affected by this land allocation could be relocated to other parts of the city. This would be a positive for all….

    • Michael Powers says:

      I personally think surrounding this lake with office parks is a bad decision. We should take cues from San Antonio and make this a tourist attraction-an extension of Laclede’s Landing, Choteau’s Landing, the Blues District, Ballpark Village, etc.

      Office space infill should go in downtown west—mixed-use buildings with both residential, retail and office space.

      This project needs to be aesthetically amazing!

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