Northside Regeneration Initiative

(via Flickr/iChaz)

The St. Louis Board of Aldermen is unlikely to vote on a $200 million bond issue until after the August primary election. That's because Board president Lewis Reed put a temporary kibosh on bill by tabling any discussion of the issue.

Reed cited a litany of reasons for the delay, including the need to continue negotiations with the mayor's office and fine-tune the bill. 

(St. Louis Public Radio)

Updated following the show.

(Rachel Lippmann/St. Louis Public Radio)

Slowly but surely, developer Paul McKee’s plan to make over a large section of the city of St. Louis is again coming to fruition.

The legislation approved by the city’s Housing, Urban Development and Zoning committee today authorizes additional tax incentives for McKee’s NorthSide Regeneration Initiative, and restarts the development clock for the entire project.

The vote was delayed by a day after some members of the committee did not show up in order to deny a quorum.

(Maria Altman/St. Louis Public Radio)

Big political weight was behind two NorthSide Regeneration bills that went before a St. Louis aldermanic committee Tuesday morning, but no vote was taken after four aldermen failed to attend.

(Rachel Lippmann/St. Louis Public Radio)

Legislative hearings get underway next week on the measures that could finally lead to the start of Paul McKee’s massive redevelopment project for north St. Louis.

A court case held up the $8.1 billion project for three years. The measures up for debate would give McKee access to an additional $192 million in tax assistance, and restart the project’s clock. Mayor Francis Slay and Congressman William Lacy Clay are both expected to speak in support at Tuesday's hearing. 

(Rachel Lippmann/St. Louis Public Radio)

An $8.1 billion plan to remake a big chunk of north St. Louis continues to face stiff opposition, four years after it was first made public.

More than 200 people, most of them opposed to the Northside Regeneration Initiative, packed the St. Louis city Tax Increment Financing Commission meeting today urging its members to spike the project completely.

(St. Louis Public Radio)

After over 3 years of litigation, developer Paul McKee’s controversial Northside Regeneration Project is being allowed to proceed.  On Tuesday the Missouri Supreme Court reversed a lower court decision blocking McKee’s use of so-called "Tax Increment Financing," (TIF) for the development.

(Maria Altman/St. Louis Public Radio)

A huge redevelopment project on St. Louis’ north side has been in a holding pattern for years.

A lawsuit challenged the city’s authorization of millions of dollars in tax incentives for the 1,500-acre development “Northside Regeneration.”

The Missouri Supreme Court could rule on the case as early as Tuesday.

But as St. Louis Public Radio’s Maria Altman reports, the years of waiting for work to begin have left questions about whether developer Paul McKee can really pull off his expansive plan.

The Mark Twain Connection

Marshall Griffin/St. Louis Public Radio

St. Louis developer Paul McKee took center stage Tuesday night at a Missouri House hearing on legislation that would extend the lifespan of the Distressed Areas Land Assemblage Tax Credit program (DALATC).

The controversial incentives are set to expire August 28th, but if passed, House Bill 423 would push the expiration date to August 28th, 2019, giving McKee six more years to get his NorthSide Regeneration Project off the ground.  He says the extra time will enable his group to put together large parcels that can be used to lure another Mastercard or another Express Scripts to St. Louis.

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.

Pages