ST. LOUIS (KMOV.com) -- Families are starting to move into new apartments built with $10 million of recovery act grant money.
It’s in the 22nd ward on Martin Luther King Drive in north St. Louis.
The project renovated the old Arlington School into new loft apartments surrounded by 90 townhomes and an office building.
State and federal tax credits helped fund the more than $34 million cost.
We wanted to know how leaders are going to get a return on the investment.
“What you can expect is a safer neighborhood,” said Alderman Jeffrey Boyd. “When people come over, they can feel welcome, they’ll feel safe, property values will increase, more development will be spurred from this.”
Most of the apartments will be rented to low income families. Work on the Arlington Grove development started back in 2004.