FDIC unloading local property as agency seeks to recover losses
The site of a failed hotel project in Clayton. Empty houses in
St. Charles. And hundreds of acres of undeveloped lots throughout
the St. Louis area. All placed on the market by a very eager seller
— Uncle Sam.
They're part of the thousands of properties nationwide amassed
by the Federal Deposit Insurance Corp. The federal agency was stuck
with these unrealized and broken dreams after the closure Read more [...]