ST. LOUIS — Voters will soon decide on Proposition V, a ballot initiative that could help address the city’s significant vacant property problem. The measure aims to remove a decades-old $500 fee cap on vacant and deteriorated non-owner occupied properties, giving the Board of Aldermen authority to set new fees.
The current fee cap, unchanged since 1970, has proven ineffective at motivating property owners to maintain their buildings. According to Ward 6 Alderwoman Daniela Velazquez, many out-of-state owners and corporations find it cheaper to pay the $500 fine than invest in repairs or improvements.
The issue is particularly pressing as around 23% of buildings in St. Louis sit vacant. These empty structures can significantly impact neighborhood quality of life, with even a single vacant building affecting an entire block. The proposition has gained support from key groups, including St. Louis Realtors and the Vacancy Collaborative.
Vacancy in St. Louis stems from various causes. Some properties are caught in probate after owners die without wills, while others are held by speculators waiting for property values to rise. This mix of city-owned, developer-owned, and abandoned properties creates a complex challenge for city officials.
Residents interested in learning more about Proposition V can visit Propvstl.com or review their sample ballot for additional information.
