WSJ calls Downtown St. Louis real estate a ‘nightmare,’ critics and locals respond

DEVELOP. FOR NOW REPORTING LIVE IN CLAYTON MAX DIEKNEITE FOX. 2 NEWS NEW AT 9. THE WALL STREET JOURNAL HIGHLIGHTS PROBLEMS IN DOWNTOWN ST. LOUIS. WE'VE BEEN REPORTING ON SINCE LAST YEAR. >> THE NEWS COMES JUST AS THE CITY CELEBRATED A WEEKEND OF SPORTS BRINGING IN MORE THAN 100,000 FANS TO DOWNTOWN. >> FOX TWO'S JEFF BERNTHAL IS LIVE TONIGHT WITH REACTION TO ST. LOUIS MAKING NATIONAL NEWS. JEFF. >> NATIONAL NEWS AND NOT IN A GOOD WAY FOR SURE, GREATER ST. LOUIS INC POINT OUT THAT THE THESE ISSUES HAVE BEEN AROUND FOR A WHILE.

THEY SAY THEY'VE BEEN WORKING TO ADDRESS THAT AND POINT OUT THERE ARE POSITIVE FACTORS THAT SHOULD NOT BE IGNORED. WE'VE REPORTED ON THE RAILWAY EXCHANGE PROBLEMS. NOW IT'S GARNERED NATIONAL HEADLINES. THE WALL STREET JOURNAL FILE LIGHTING SHUTTERED OFFICE SPACE IN DOWNTOWN. >> CALLING ST. LOUIS A REAL ESTATE NIGHTMARE. THE FUTURE OF DOWNTOWN'S IS GOING TO BE A LOT MORE MIXING OF USES. SO IT'S GOT TO BE A LOT MORE RESIDENTIAL. >> WE'VE ALREADY START TO SEE THAT. GREATER ST. LOUIS, A CUSTOM MAKES MORE THAN 10,000 RESIDENTS LIVE DOWNTOWN. BEFORE I MOVED HERE, I WAS UNDER THE IMPRESSION THAT, YOU KNOW, PEOPLE ARE LEAVING IN THE MASSES, BUT >> AS I MOVED DOWN HERE AND LIVE DOWN THERE, I DON'T SEE THAT THE GROUP CITIZENS FOR A GREATER DOWNTOWN ST.

LOUIS RELEASED ITS OWN STATEMENT EXPRESSING HOPE THE NEGATIVE NATIONAL ATTENTION WILL BE A WAKE-UP CALL TO WORK COLLABORATIVELY TO ADDRESS PROBLEMS. THE GROUP SAYS ITS 5TH HIGHLIGHTING FOR YEARS OVERALL, THE QUALITY OF LIFE DOWNTOWN IS PRETTY GOOD RESIDENTS WE SPOKE WITH FEEL POSITIVE ABOUT DOWNTOWN'S FUTURE, A WONDERFUL PLACE TO LIVE AND IT'S GOING TO GET BETTER WHEN WE LOOK AT THINGS LIKE HOTEL BOOKINGS THAT ARE UP, WE SEE VISITOR SHIP TO THE ARCH, WHICH IS WAY UP. THERE ARE NUMBER OF POSITIVE SIGNS. WEICHEL SAYS DOWNTOWN IS ALSO SEEING RESTAURANT GROWTH. THERE'S ALSO WORD CELEBRITY CHEF GORDON RAMSEY IS EXPECTED TO OPEN A NEW RESTAURANT AT THE 4 SEASONS.

>> AS FOR THIS EYESORE, WORKING WITH THE DEVELOPMENT TEAM. >> ARCHITECTURAL AND FINANCIAL EXPERTS FROM ST. LOUIS ACROSS THE COUNTRY AND A PROGRAM, BASICALLY A SERIES OF USES AND FINANCING STRATEGY FOR REAL EXCHANGE RIGHT NOW. >> THIS WEEK THERE WAS ALSO THE ANNOUNCEMENT THAT THE TNT BUILDING HAS BEEN SOLD. THERE IS HOPE THAT THAT TURNS INTO SOME RESIDENTIAL SPACE, WHICH .

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