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Behold… Ballpark Village!

Apparently April Fools Day has come a little early this year. The St. Louis Cardinals have just announced their plans for the Ballpark Village site for the year. I’d like to introduce you to our new parking lot and softball field.I guess they figured starting on their contractual-obligated, $400 million project wouldn’t show off St. Louis for the All-Star Game as well as 40 square blocks of asphalt and a softball diamond.

If you can’t tell, I’m a little peeved as should all other St. Louis taxpayers. The Cardinals received taxpayer money to build their new stadium and in return promised to build Ballpark Village. Where is this promised real estate development? Where are apartments, the condos, the office space, the nightlife? They have continually delayed this process, but this is a true slap in the face.

St. Louis City, as well as every other entity with a stake in this situation, should come out hard against the Cardinals on this one. Recession or no, they need to start up with those fines for lack of progress as soon as possible. A sad, sad day. Check out the Post Dispatch’s writeup for a more detailed scoop.

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Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn’t representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

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One thought on “Behold… Ballpark Village!”

  • Looks like the wait goes on the St. Louis Cardinals’ Ballpark Village | Threshold Investment Properties

    December 3, 2009 at 2:45 pm

    […] Behold… Ballpark Village! […]

    Reply

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