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St. Louis Development Corporation provides FY26 overview; agency notes ARPA and New Markets activity and continued redevelopment efforts
Summary
Interim SLDC president Otis Williams and finance staff briefed the committee that SLDC does not receive a direct general-revenue apportionment but receives city-supported funds and administers programs tied to Port Authority revenue, Prop NS and ARPA; the FY26 budget reflects personnel-driven changes and continued program delivery.
Otis Williams, interim president and CEO of the St. Louis Development Corporation (SLDC), with Charlie Hahn, SLDC’s director of finance, presented an overview of the corporation’s FY26 budget and program priorities on May 28.
Why it matters: SLDC is a quasi-public economic-development entity that implements neighborhood and citywide redevelopment, administers certain bond- and sales-tax–funded programs, and supports Port Authority activity. While SLDC is not funded through a typical general-revenue apportionment, it…
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