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America's forgotten 'doom loop' city, where $205m skyscrapers are selling for under $4m and the decaying downtown has become a ghost town

Major cities like San Francisco have hit headlines amid concerns their urban districts are in the grip of a doom loop - but a new report revealed the city where an even worse crisis is unfolding.

San-francisco , California , United-states , New-york , Missouri , Washington-university , Toronto , Ontario , Canada , American , Janae-edmondson , Brynn-anderson

St. Louis developer moves on Railway Exchange

The 21-story building at 615 Olive Street was once the pride of the burgeoning May Company department store empire.

Florida , United-states , France , French , Steve-stogel , Old-post-office , Hudson-holdings , Railway-exchange , Company-department , May-company , Wall-street-journal , Real-estate-nightmare-unfolding

Inside St. Louis' Abandoned Railway Exchange: Bored Suburban Kids

The Railway Exchange building in Downtown St. Louis was once where teenagers went to shop, cause trouble and awkwardly stand around. It used to be Famous-Barr’s flagship store. But in 2013, Macy’s closed its doors; last year the city condemned the building. Today, it is a nuisance property where young county teenagers go to experience the blight and decay of the City of St. Louis. Last week, I joined some of them. The building and its surrounding blocks had been featured in a damning Wall Street Journal story on the “doom loop” of Downtown St. Louis. The article caught a lot of hostile feedback on X and other social media platforms. As I stood nearby, camera held up to my face, a man in his late teens or early twenties called out to me, “Hey, have you ever taken pictures in this building?” He meant the Railway Exchange. “Want to go with us? We are going to the roof for the sunset.”  I reluctantly said no as I had abandoned my mediocre urban exploring dreams long ago. Then my vagabond counterparts — residents of Brentwood and Creve Coeur, respectively — reminded me that we are in St. Louis city and you could almost guarantee that no legal action would be brought against us for our delinquency. I decided to come along. To stop people from entering the Railway Exchange building, the city erected steel plates facing Locust Street. They were touted as an upgrade from the shoddy wooden boards that once attempted to keep out shitheads, scrappers and squatters, but in no time people were back in the building. Without giving away details, I'll just say it wasn't hard to get in. We were soon hiking up the 21-story building towards the roof. Inside was a scene straight from John Carpenter’s 1981 film Escape From New York, famously filmed in St. Louis. Complete chaos. The place was pitch black, its glass panels smashed, with holes in every wall, collapsed ceilings, stairs falling apart, amateur graffiti on the walls and the remnants of wannabe arsonists trying to start fires.  Our long journey to the roof would soon be interrupted by our first group of so-called UrbExers — a group of six teenagers stomping on shattered glass. We would see two more groups of teens on our quest. In our hour-long journey inside through the 20th-century masterpiece there were no signs of squatters, just bored young adults wandering through the building.  As we made our way through the labyrinth of staircases and empty offices, it was abundantly clear that the code of urban exploring had not been upheld: do not disclose your location and leave everything as it is.  The view from the roof was wonderful, perhaps the most stunning sunset I’ve seen in St. Louis city. But the Railway Exchange building is a problem. In March of 2023, a dog with the St. Louis Fire Department’s search and rescue team died in the building. It is only a matter of time before someone else is seriously injured or dies.  The city is attempting to use eminent domain to seize the building from its Florida-based owner. It can’t happen soon enough.  Until then, the bored suburban kids coming into the city, certain that they’re never going to get in trouble, should proceed with caution. Scroll down for photos from my visit.

Brentwood , New-york , United-states , Florida , Creve-coeur , John-carpenter , Louis-fire-department , Railway-exchange , Wall-street-journal , Locust-street , Escape-from-new-york ,

Opinion: Media attention highlights the crucial work ahead to revitalize Downtown

Opinion: The complex challenges we confront in Downtown did not appear overnight, and they will not be fixed overnight. It requires hard, intentional, and focused collaboration.

Canada , Denver , Colorado , United-states , San-francisco , California , San-antonio , Texas , America , Louis-inc , America-center

Opinion: Media attention highlights the crucial work ahead to revive downtown St. Louis

Opinion: The complex challenges we confront in downtown St. Louis did not appear overnight, and they will not be fixed overnight.

Denver , Colorado , United-states , Canada , San-antonio , Texas , San-francisco , California , America , Enterprise-center , Railway-exchange

'Wakeup call for our City': St. Louis leaders respond to national article calling city a nightmare

City leaders responded to a Wall Street Journal article calling St. Louis a nightmare and a warning for other cities.

Cara-spencer , Tishaura-jones , Louis-alderman-rasheen-aldridge , Louis-development-corporation , Millennium-hotel , Railway-exchange , Louis-inc , First-alert , Wall-street-journal , Louis-alderwoman-cara , Louis-city , Louis-mayor-tishaura-jones

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

A recent Wall Street Journal article called the real estate situation of Downtown St. Louis a "nightmare" while describing challenges around vacant properties in the city.

Toronto , Ontario , Canada , Konrad-putzier , Cara-spencer , Michael-thomas , Tishaura-jones , Kurt-weigle , Jonathan-harley , Louis-inc , Louis-development-corporation , Millennium-hotel

Former AT&T tower sold, giving hope for vacant buildings in STL

Big news has come about some iconic downtown St. Louis long-empty buildings.

Singapore , Boston , Massachusetts , United-states , Florida , Cara-spencer , Conner-kerrigan , Tishaura-jones , Goldman-group , Millennium-hotel , Railway-exchange , Louis-alderwoman-cara-spencer

WSJ calls Downtown St. Louis real estate a 'nightmare,' critics respond

A recent Wall Street Journal article called the real estate situation of Downtown St. Louis a "nightmare" while describing challenges around vacant properties in the city.

Toronto , Ontario , Canada , Tishaura-jones , Konrad-putzier , Cara-spencer , Millennium-hotel , Louis-development-corporation , Railway-exchange , Railway-exchange-building , Louis-inc , University-of-toronto

St Louis Is Dying

Toronto , Ontario , Canada , San-francisco , California , United-states , Chicago , Illinois , France , Tennessee , Texas , Florida