ST. LOUIS — The city of St. Louis on Thursday filed its petition to use eminent domain to control of 10 parcels of downtown St. Louis that encompass the vacant Railway Exchange Building and its adjacent parking garage.
The Land Clearance for Redevelopment Authority, part of city agency St. Louis Development Corp., filed the petition in St. Louis Circuit Court. The petition follows an Aug. 20 sales offer made to the property’s owner, Florida-based Hudson Holdings, a prerequisite to an eminent domain filing. The city at the time said it would file for eminent domain if its offer wasn’t accepted by Sept. 20.
The LCRA hasn't disclosed publicly what the city offered Hudson to buy the building. But in its eminent domain filing Thursday, it described the offer as no lower than what was "reflected in the appraisal performed by a state-licensed or state-certified appraiser."
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