Thompson Coburn, along with Saint Louis University School of Law, Legal Services of Eastern Missouri, and the St. Louis Association of Community Organizations, co-sponsored a Vacant Property Summit last week at SLU Law.
More than 150 lawyers, academics, developers, city officials, elected office holders, and neighborhood leaders heard from speakers who discussed strategies and legal tools that have been used successfully in other cities to return abandoned properties to productive use.
There are thousands of abandoned properties in the City of St. Louis, both residential and commercial, that could be restored to productive use. But at this time, the title to the property cannot be easily transferred to a new owner who is willing and able to rehabilitate and/or develop the property.
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