Northside Regeneration Initiative
6:18 pm
Thu February 3, 2011

Despite ruling on financing, development moves forward in north St. Louis

Developer Paul McKee is moving forward with part of his controversial development of north St. Louis.

That's despite a ruling from a circuit court judge which is holding back nearly $400 million in tax increment financing (TIF).

Fifth Ward Alderwoman April Ford-Griffin says the project will create a recycling center and clear 21 vacant lots near the new Mississippi River Bridge.

She says the court ruling did not bar the Board of Aldermen from proceeding on other development projects in north city.

"We do need the TIF, but we still need projects to happen that could happen by some other kind of tools or financing," Ford-Griffin said.

Ford-Griffin hopes that having specific projects like these will satisfy the court's earlier objection that McKee's plan was "too vague"