Bank of Washington | St. Louis Public Radio

Bank of Washington

This composite photo taken on April 10, 2018, shows the planned new site of the National Geospatial-Intelligence Agency. McKee owned nearly 60 percent of the land in the 97-acre site.
File Photo | Brent Jones | St. Louis Public Radio

Updated at 5 p.m. with comments from St. Louis Development Corporation Executive Director Otis Williams.

The city of St. Louis is working to show it controls the 97 acres slated for the National Geospatial-Intelligence Agency’s new headquarters — a $1.75 billion development project.

Alderman Brandon Bosley is sponsoring a bill that would allow the city to use eminent domain on land it already owns. Bosley’s 3rd ward comprises just under half of the NGA project footprint, as well as some of its surrounding neighborhoods in north St. Louis.

(courtesy Masonry Association)

The Bank of Washington has loaned developer Paul McKee at least $34 million for his Northside Regeneration project, and possibly as much as $62 million.

The series of 17 loans from the Washington, Mo., bank was made to several of McKee’s holding companies and to Northside Regeneration between 2006 and 2012. The bank, by its own calculations, now holds more than 1,500 parcels as collateral, or about 78 percent of Northside Regeneration’s real estate in St. Louis.