Paul McKee

Special Session / Tax Credits / NorthSide
2:51 pm
Fri August 5, 2011

Nixon: No land tax credit in Mo. special session

Mo. Gov. Jay Nixon.
(UPI/Bill Greenblatt)

Gov. Jay Nixon says he is not including the expansion of a tax credit for assembling and maintaining large swaths of land in his planned call for a special legislative session.

Nixon and lawmakers have been working on an agreement for an economic development package. One part of the lawmakers' proposal would remove the time limit for the tax credit program while offering fewer credits annually.

The tax credits are being used by a developer, Paul McKee, who has promised a multi-billion dollar makeover for north St. Louis.

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Law / NorthSide Development Project
1:50 pm
Tue August 2, 2011

Mo. Supreme Court upholds constitutionality of tax credit that could affect NorthSide project

Developer Paul McKee.
(St. Louis Public Radio)

In March, the Missouri Supreme Court heard a case regarding the constitutionality of a state tax credit which, as we stated then, enabled St. Louis developer Paul McKee to buy up several tracts of land on the city’s north side.

At that time, McKee had received $28 million in tax credits for his NorthSide project and St. Louis Mayor Francis Slay signed off on the project in February.

Today, the Missouri Supreme Court said that the tax credit is, indeed, constitutional.

When the case was heard in March, attorney Irene Smith, who represents plaintiffs and North St. Louis residents Barbara Manzara and Keith Marquard,  said that the tax credit violates the state constitution by giving state tax dollars to private business interests.

The Supreme Court cited a couple different reasons for their decision.

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MO Statehouse
4:24 pm
Wed March 23, 2011

Mo. Supreme Court hears case that could affect McKee's NorthSide project

Missouri Supreme Court building in Jefferson City.
Marshall Griffin, St. Louis Public Radio

The Missouri Supreme Court heard arguments today over the constitutionality of a state tax credit which has enabled St. Louis developer Paul McKee to buy up several tracts of land on the city’s north side.

McKee has so far received $28 million in tax credits for his NorthSide development project.

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Northside development
11:06 am
Thu February 24, 2011

Mayor Slay signs off on Northside plan

Paul McKee, Jr. of McEagle Properties, LLC. (St. Louis Public Radio)

The final step for approval of Paul McKee, Jr’s Northside project was taken earlier this week. St. Louis Mayor Francis Slay signed off on an updated plan for the $8.1 billion project Tuesday, according to a report today by the St. Louis Business Journal.

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Northside moves forward
3:59 pm
Thu February 10, 2011

Northside projects get aldermanic approval

A small piece of an $8.1 billion plan to redevelop north St. Louis took another step forward today.

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

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

Paul McKee of McEagle Properties, LLC. (St. Louis Public Radio)

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.

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Northside Regeneration Initiative
11:35 am
Thu January 27, 2011

Alderwoman introduces new project agreement ordinance for NorthSide development project

Paul McKee, Jr. of McEagle Properties, LLC. Legislation that will be officially introduced tomorrow at the Board of Aldermen would authorize work on a small chunk of McKee's massive redevelopment project for the North Side, which a judge threw out in
(St. Louis Public Radio)

Updated 4:20 p.m. to correct math error in amount of demolition and remediation.

Developer Paul McKee's plan to revitalize North St. Louis is taking a few small steps forward.

Alderwoman April Ford-Griffin will officially introduce legislation tomorrow  authorizing Northside Regeneration LLC, McKee's company, to start work on about $3 million of projects in the two-square mile site.

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Northside Regeneration Initiative
3:28 pm
Wed January 5, 2011

NorthSide developer McKee releases "open letter" to St. Louis

Paul McKee, Jr. of McEagle Properties, LLC. McKee released an open letter today to the people of St. Louis about his NorthSide development project. (St. Louis Public Radio)
(St. Louis Public Radio)

NorthSide developer Paul McKee, Jr. has released "An Open Letter to the People of St. Louis" regarding the progress, process and questions surrounding the Northside Regeneration Initiative.

This comes with the announcement that McKee has gotten an additional $8 million in state tax credits for the $8 billion, that's billion with a "B," Northside project.

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