A new ordinance could offer struggling St. Louis City homeowners an option to help avoid foreclosure.
The program would extend a loan mediation process to any homeowner who requests it from their bank, just like the one passed two weeks ago in St. Louis County. Ignoring this request would cost a lender a $500 fine.
But, banks claim the laws violate state statutes prohibiting government intervention into the foreclosure process. They say it would mean fewer loans and increased costs.
Search ongoing for man who shot police officers overnight
St. Louis police are searching for a suspect who shot an officer in the arm. The 30-year-old officer was was not seriously injured. He returned fire and authorities aren't sure if the suspect was injured.
It happened about 1:30 a.m. Friday when the officer approached a man suspected in a recent robbery. Police say that as the officer neared the man, the suspect pulled out a gun and fired several rounds.
The $100 million project would be built on the north side of Busch Stadium and would contain space for retail stores, restaurants, an open-air event space with a retractable roof, and a St. Louis Cardinals Hall of Fame and Museum. Team President Bill DeWitt III says the project got sidetracked by the economic crisis that hit the country four years ago.
Financial services firm Wells Fargo Advisors is investing $33 million to expand its operations in the St. Louis area. Missouri Governor Jay Nixon and St. Louis Mayor Francis Slay joined the company’s president and CEO Danny Ludeman Friday for the announcement at the company’s downtown headquarters.
Mayor Francis Slay scored a decisive victory Friday in his months-long battle to rein in firefighter pension costs. In a 17 to 10 vote, the St. Louis Board of Aldermen approved major reforms to the department’s retirement system, cutting benefits, raising payments, and preventing full retirement until age 55.
Slay’s office estimates the changes will save the city $8 million a year in pension costs that have more than quadrupled in the last five years.
Mayor Slay’s Chief of Staff Jeff Rainford says the reforms are necessary and protect taxpayers.
St. Louis city officials are going door to door to check on some of the city’s most vulnerable residents as high temperatures persist across the region.
About 60 city staff members are following up with nearly one thousand residents who haven’t responded to robo-calls from the Mayor’s office.The elderly and disabled residents are listed on the city’s Functional Needs Registry.
The house-to-house effort even included Mayor Francis Slay, who was out knocking on doors Tuesday.
St. Louis Mayor Francis Slay says cutting the fire department’s pension costs will enable the city to take 30 police jobs off the chopping block.
The Board of Police Commissioners voted Monday to hold onto 30 of the 80 police positions this year’s budget eliminates through attrition, but only if a pension reform bill is passed by the Board of Alderman.
Slay says the bill, which requires firefighters to pay more into the system and prevents full retirement benefits until age 55, would save the city more than $8 million.
The bulk of Mayor Francis Slay’s firefighter pension reform bill stalled today in the St. Louis Board of Alderman’s Public Safety Committee.
The committee passed a provision barring trustees of the Firemen’s Retirement System from suing the city over the design or benefits of the pension plan. But the committee postponed voting on major reforms that would make firefighters to pay more into the system and prevent retirement until age 55.
Alderman Larry Arnowitz says he’s certain if reform passes, firefighters will fight the changes in court.
An effort by St. Louis mayor Francis Slay to get the spiraling cost of firefighter pensions under control also allow the same sex-partners of city firefighters to get survivor benefits if their partner is killed in the line of duty.
"This is something that could not be done at the state level, would not be done at the state level, which is another reason we want to get local control of the firefighter pensions here in St. Louis," Slay said.