[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},"mediaId",6181767,"mediaKeyId","5112269-55270063bafef97844071e40f3cf12a5","parentId",5112269,"title","Real estate committee recommends hiring eXp Realty to market district properties","audioSeconds",2620,"startMs",10000,"endMs",2630000,"viewUrl","/Search/View?dp=1&key=5112269-55270063bafef97844071e40f3cf12a5&start=10&end=2630","thumbnailUrl","https://assets.pipeline.soar.com/5112269-55270063bafef97844071e40f3cf12a5/thumbnail_10000.jpg","articleUrl","/articles/6181767/Missouri/Real-estate-committee-recommends-hiring-eXp-Realty-to-market-district-properties","mediaUrl","https://secure.pipeline.soar.com/6181767-26590c2d3589e53b29acef0e58f9b102/orig.mp4?Expires=1771181625&Signature=G~YAEIqC34NPEGP8F-O8NttBCV1SmVO2m7Yh4FDAvhmVeY9xe4ENaZ1c3CyLNtyotVxA0exVDl114QuB-sGJ5YeCGgHAcpMV~PJ9tStEcVzzKiCvl6iXVPbAvf7EVV~GSbBEmEV~Z9vkVbPUpKnXaAkAVzN6KXUqI02ZoL4C5HgCpt-eSepIL3mCLIuda87Oxd66UXkmBE1JpSPlFA7RjlBExq-ufev5FFiXRSHAuuDcQXtQizwBXOfGfePg1BD-iSP0a26rxoj61JiWMwxxMUyqxVOVMvt0rLGTSoaXL5DN3q9sQ8AS6s~RN1mBmKGgsCVs2XWaUgT0Mf5LSFWWXA__&Key-Pair-Id=KUT5TJCACFTXG","author","","date","2025-07-01T09:22:20Z","article","The St. Louis Public Schools real estate committee moved to recommend that the full board approve a contract with eXp Realty to serve as the district's real estate broker under a one‑year agreement with two one‑year renewal options.

Committee members advanced the recommendation after a 40‑minute presentation and Q&A with the two eXp representatives, who described the firm's experience marketing institutional and distressed properties and outlined outreach and pricing strategies.

Shawnee Ward, eXp Realty commercial liaison, told the committee she and colleagues “were REO brokers for 12 years” and said eXp has worked with Bank of America, Fannie Mae and HUD asset programs. Ward said the team holds a certification in distressed properties (described in the presentation as a CPD) and that eXp maintains a REO division and ongoing training to handle sensitive, time‑constrained sales.

The presentation described a multi‑channel marketing approach: listings on company and commercial platforms, national commercial services such as CoStar, targeted outreach to an investor and nonprofit network and localized outreach (open houses and phone outreach) to brokers and community partners. Ward said eXp will produce photos, property write‑ups and comparables and “help us identify buyers” who match a given property and its condition.

Committee members pressed the presenters on several recurring issues for school property sales: long‑running contingent deals tied to tax credits, the existence and effect of deed restrictions, how the firm would involve neighborhood residents and how pricing would reflect significant structural damage or demolition scenarios. Ward said appropriate pricing for a property's condition and well‑documented condition reports — including structural assessments when needed — are critical to attracting viable buyers and avoiding prolonged contingent transactions. She advised that, when necessary, eXp would seek engineering documentation so buyers and sellers work from shared information.

Board member Tiffany Watson moved to recommend hiring eXp Realty; a second was recorded and the committee proceeded to vote. Several committee members voted in favor and one member recorded a no vote during the roll call. Committee members then discussed next steps for sending the recommendation to the full board for final approval.

Why it matters: the district has multiple vacant school buildings that administrators plan to sell or repurpose. The chosen broker will shape buyer outreach, pricing strategy and the district’s communications with neighborhoods, developers and nonprofit buyers.

The committee's recommendation will be forwarded to the full St. Louis Public Schools board for final action; no final district contract takes effect until the full board acts.","mediaType","Video","parentTitle","Real Estate Meeting 6/30/2025","oneSentenceSummary","The St. Louis Public Schools real estate committee moved to recommend that the full board approve a contract with eXp Realty to act as the district's real estate broker under a one‑year agreement with two one‑year renewal options.","taxTitle","St. Louis City, School Districts, Missouri","taxId",13573,"location","Missouri","headline","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":72,"_73":56,"_74":56},6181762,"Committee disputes timing and notice for Millennium Hotel tax‑abatement review; moves matter toward full board",702,2249000,2951000,"/Search/View?dp=1&key=5112269-55270063bafef97844071e40f3cf12a5&start=2249&end=2951","https://assets.pipeline.soar.com/5112269-55270063bafef97844071e40f3cf12a5/thumbnail_2249000.jpg","/articles/6181762/Missouri/Committee-disputes-timing-and-notice-for-Millennium-Hotel-taxabatement-review-moves-matter-toward-full-board","https://secure.pipeline.soar.com/6181762-15ee6949646ff79acbd779f40a673f78/orig.mp4?Expires=1771181625&Signature=iA~SPq6km3iXd5yXQ~95CJHgcOR2a3WK0jJLGryOCGmzxJ4Bdwj8pUuVwHCI4vA7dR3xoTa808c4NTcO9jKQd~PQ3d0R2-162TQTh2sYXU7KHLfVKXuk6z7corI2Z8ktSKJA~dgnWlkGZVQfGzYmFcKANjDCT4evQ2cYgZ-8li9GXEmPomyTvf6Y-wy-Bg1rLWGm2IJBNF8hdWNboqYQuyPFd5f9D5qcEjSKKitCI-gTN2hTuugWWxSBABWHtkLUuShGmjCOkbb6s1csNz2I08bYSWW8mPf5qrpfY2DWRJR5UJ4pZ4rSzR8e5kqCQ8Bw7MUADPG2BgI7T2K~35Bk0A__&Key-Pair-Id=KUT5TJCACFTXG","Committee members expressed concern that the Millennium Hotel development and related tax‑abatement proposal had reached the Board of Aldermen's process before the real estate committee had an opportunity to review the materials and make a recommendation.

Board member Michael Conover asked whether the committee needed to take action on a proposal the city submitted; staff member Miss Henry said the item had been removed from the committee's posted agenda and that some of the material provided to committee members was not publicly available. \"What's publicly available and what I shared with you are two different documents,\" Miss Henry told the committee, and she said she was \"airing on the side of caution\" about discussing nonpublic details in open session.

Committee members and legal counsel discussed whether the topic required closed‑session treatment and whether the committee could reliably produce a recommendation before the Aldermen's committee or full Board of Aldermen acted. Several members said timing was creating a practical problem: the aldermanic timeline could produce city action before the committee could meet again. Attorney McLaughlin advised that if details are nonpublic, the committee could consider the matter in closed session if properly noticed; otherwise, he recommended taking the issue to the full school board for its next meeting so the district can meet timing constraints.

Members debated whether to call an emergency real estate committee meeting; some favored scheduling one so the committee could review materials and vote before the Board of Aldermen completes its process. Others said the practical path was to place the matter on the full board agenda and make a recommendation there. No formal committee vote on the substance of the Millennium Hotel tax‑abatement proposal occurred during the meeting.

Why it matters: the city's consideration of a tax abatement for a private development can affect district property tax revenues and the board's policy stance on abatements. Committee members said the committee's protocol is to review such requests and provide a recommendation to the full school board, but timing and notice issues can force procedural choices.

The committee directed staff to work with the chair and counsel on next steps, including possible emergency meeting scheduling and ensuring any closed‑session requirements are met before discussing nonpublic materials.","Committee members said they were not given adequate notice or the proper public materials to review a Millennium Hotel tax‑abatement proposal and debated whether to call an emergency meeting or move the matter directly to the full board.","actionData","errors"]

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Real estate committee recommends hiring eXp Realty to market district properties

Committee disputes timing and notice for Millennium Hotel tax‑abatement review; moves matter toward full board