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SLDC presents FY26 funding sources and confirms continued redevelopment enforcement
Summary
Interim SLDC president Otis Williams and finance director Charlie Hahn briefed the committee on SLDC’s FY26 budget structure, sources including ARPA and New Markets Tax Credits, and ongoing redevelopment enforcement including eminent-domain letters in St. Louis Place/JVO areas and business outreach after the tornado.
Otis Williams, interim president and CEO of the St. Louis Development Corporation, and Charlie Hahn, SLDC director of finance, presented an overview of SLDC’s FY26 budget and program responsibilities to the Budget and Public Employees Committee on May 28.
Budget overview: SLDC officials said the organization does not receive a single direct city appropriation but runs programs funded by a mix of federal, local and program revenues. Hahn described a FY26 budget that is approximately…
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