Latest legal salvo fired in battle over Northside redevelopment
St. Louis, MO – In the first of what is expected to be a long series of appeals, attorneys for developer Paul McKee have asked a St. Louis city judge for a second chance to make their case on one specific point.
Earlier this month, circuit judge Robert Dierker struck down McKee's request for $390 million in tax increment financing from the city, claiming that the legislation authorizing the TIF did not include enough detail. The motion for a new trial filed on Tuesday argued that the ordinances included plenty of detail, but because Dierker raised the issue on his own in the ruling, attorneys were not prepared to address it at trial.
McKee wants to build $8.1 billion worth of infrastructure, housing and businesses on the Northside. The $390 million TIF is the largest in the city's history.