Mayor Slay, Governor Nixon, US Commerce Secretary Locke Announce Major Economic Recovery Grant
December 17, 2009
Contact: Kara Bowlin December
314-622-3479 314-622-3479 FOR
U.S. Commerce Secretary Locke
Economic Recovery Grant
St. Louis -
Mayor Francis Slay and other officials and business executives joined U.S.
Commerce Secretary Gary Locke to announce a $15.6 million grant from the
Commerce Department's Economic Development Administration (EDA). The grant
will allow the City of St. Louis to replace
the South Dock at the City's Municipal River Terminal. The South Dock
has deteriorated because of age and damage from years of flooding, most
recently the Flood of 2008.
“St. Louis was
founded, grew, and prospered because the Mississippi River
is such a great transportation corridor,” said Mayor Slay. “This grant will
allow us to improve our port, which will preserve jobs. It is also part of an
overall strategy to expand international trade to and from St.
Louis, which has the potential to create many more
The City of St. Louis
has been working diligently to build stronger ties for international trade, and
believes that a rebuilt dock is an important first step to do so. The Mississippi
River Terminal is the northernmost shipping point on the Mississippi
River that doesn’t freeze during the winter, which makes it
strategic for moving bulk products throughout the Midwest.
It is also the northernmost terminal on the Mississippi River
in which shipping vessels do not need to pass through any locks. It is served
by rail and is convenient to four interstate highways. 1/3 of the country’s
population is located within 500 miles of the Mississippi River Terminal.
The Municipal River Terminal on the Mississippi
River is a unique asset providing shipping and intermodal
distribution opportunities to existing and expanding businesses in the St.
Louis metropolitan area. The river terminal is owned
by the City of St. Louis and is
located in the north riverfront industrial corridor. This north riverfront area
is a primary target for redevelopment and job creation in the City.