The St. Louis Board of Aldermen has officially passed and adopted Resolution 171 over the settlement funds.

St. Louis City Officials to Seek Public Feedback on Rams Relocation Settlement Funds

The resolution gives city officials the green light to hold public input sessions with the St. Louis community and collect feedback on how to use the money.

The resolution suggests discussion over ways the settlement funds can be used to reverse historic wrongs and invest in disinvested neighborhoods.

Other suggested topics include affordable housing, infrastructure improvements, economic development, workforce development, and neighborhood revitalization.

Alderwoman Shameem Clark-Hubbard says passing the resolution is part of the city’s effort to be transparent on how the settlement money could be invested.

The city intends to collect feedback from residents through in-person town halls, meetings with community stakeholders, and digital or paper surveys.

The Board of Aldermen will meet with several city agencies to determine a plan of action. It will be a collaborative process between the Board of Aldermen, the mayor’s office, the comptroller, and most importantly, the citizens of St. Louis.

Currently, St. Louis has around $280 million saved into an interest-bearing account with the Missouri Securities Investment Program.

The Rams relocation settlement, which yielded $790 million in December 2021, led to St. Louis City splitting a sum of those funds with St. Louis County and the St. Louis Regional Convention and Sports Authority.

The city must spend at least $30 million of its sum by June 30, 2023 or risk losing that sum to the RSA.