By. Chris Stritzel
St. Louis City has seen a ton of investment over the past few years. Stick around and be ready to see some numbers that may surprise you! No joke!
There was approximately $3.6 Billion in developments announced, proposed or got under construction in 2015. Many did not move forward thus lowering the overall value of the year to $669 Million
There was approximately $3.86 Billion in developments announced, proposed or got under construction in 2016. Many did not move forward thus lowering the overall value of they year to $464 Million
There was approximately $3.3 Billion in developments announced, proposed or got under construction in 2017. A majority of the projects announced or got revised did not move forward in 2017 but they only lowered the total amount of investment by $1.3 Billion thus making the overall value for the year $2 Billion.
Present (2018) January-March 31st
So far this year, $809 Million in developments have been announced, proposed or got under construction. Of those, only $336 Million have been unveiled recently and are expected to start before the end of the year. Thus, only $473 Million in developments are underway. Overall, projections for this year soar to between $950 Million and $1.5 Billion in overall value. The drastic difference in projections is due to some projects potentially not happening this year to more being announced and happening.
TOTAL INVESTMENTS SINCE 2015
Based on information from January 1st, 2015 to present day, The city has seen $3.7 Billion in under construction development with close to $10.7 Billion since January 1st, 2015** in other categories. With the projections involved, we could very well see the investment mark creep into the $11 Billion category (which would be historic). If you want to get really technical, for the 1186 days between January 1st, 2015 and now, $3,119,730.19 has been invested daily into the City of St. Louis and (with the canceled, proposed or other category), the total comes up to a potential $9,021,922.43 investment per day into the city of St. Louis (if all developments were carried out).
That's a lot of money (and a good sign too)!
*- Based on research and available statistics, numbers may not be fully accurate.
**- Number includes cancelled and pushed back projects.