# Board of Education Real Estate Meeting 9/21/2026

The Saint Louis Public Schools Board of Education Real Estate Committee met on September 21, 2026, to discuss several key topics related to real estate and tax incentives impacting the district's budget. A significant portion of the meeting focused on a presentation by the Saint Louis Park Parent Action Council's Housing Initiative Committee, which highlighted the fiscal challenges posed by property tax incentives such as tax abatements and tax increment financing (TIF). The committee emphasized the substantial revenue losses to the school district—estimated at $45 million annually—due to these incentives and advocated for greater transparency, accountability, and SLPS representation in the approval process. They also discussed recent state legislation creating a Downtown Innovation Zone with a state-controlled scorecard for tax incentives, which could further reduce local control and divert funds to public safety rather than education. Additionally, the committee heard a proposal for "Project Old School," a $100 million redevelopment plan to renovate five vacant historic school buildings into low-income and workforce housing, with a request for site control agreements to pursue historic and tax credits. The meeting also included updates on an active RFQ for surplus real estate developers, with no current submissions, and community engagement efforts. The session concluded with a motion to adjourn to closed session.

**Jurisdictions:** sled
**Industries:** Education, Construction & Infrastructure
**Topics:** Physical Infrastructure, Grants & Funding
**Published:** September 21, 2026

### Sources
- [Board of Education Real Estate Meeting 9/21/2026](https://www.youtube.com/watch?v=tCBW9ewKJvg) - Saint Louis Public Schools