Gerry Carmody

NorthSide Redevelopment
5:44 pm
Wed November 28, 2012

Lawsuit Over NorthSide Project, TIF Law, Heard By Mo. Supreme Court

Developer Paul McKee outside the main hearing room at the Missouri Supreme Court on Nov. 28th, 2012.
Marshall Griffin/St. Louis Public Radio

St. Louis developer Paul McKee’s NorthSide redevelopment plan took center stage today at the Missouri Supreme Court.

He’s been seeking nearly $400 million in Tax Increment Financing (TIF) from the city – but the project has been on hold since Circuit Judge Robert Dierker ruled two years ago that its details are too vague to justify awarding TIF dollars and for declaring two square miles of north St. Louis as blighted.  Cheryl Nelson is one of the plaintiffs.  She says McKee’s project has wrecked the property value of her home.

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