Tuesday, 12 February 2013 08:40
Paul McKee to appeal for tax credit extension
Developer Paul McKee will be in Jefferson City Tuesday, trying to save his stalled NorthSide Regeneration project. The McEagle Properties chairman will ask the House Economic Development Committee to extend the tax credit program he's been using to amass land for the project.
The $95 million Distressed Areas Land Assemblage credit was passed in 2007 and will expire this August.
McKee's company has received more than $40 million so far and amassed 2,200 parcels of land in north St. Louis for the project. But McKee told the St. Louis Post-Dispatch that he's needs to buy another 500 parcels for contiguous sites.
The NorthSide project calls for new and refurbished homes, retail and manufacturing space, along with schools and medical facilities on a two square mile area just north of downtown.
The $95 million Distressed Areas Land Assemblage credit was passed in 2007 and will expire this August.
McKee's company has received more than $40 million so far and amassed 2,200 parcels of land in north St. Louis for the project. But McKee told the St. Louis Post-Dispatch that he's needs to buy another 500 parcels for contiguous sites.
The NorthSide project calls for new and refurbished homes, retail and manufacturing space, along with schools and medical facilities on a two square mile area just north of downtown.
Published in
Around Town
Tuesday, 12 February 2013 00:45
Paul McKee to appeal for tax credit extension
Developer Paul McKee will be in Jefferson City Tuesday, trying to save his stalled NorthSide Regeneration project. The McEagle Properties chairman will ask the House Economic Development Committee to extend the tax credit program he's been using to amass land for the project.
The $95 million Distressed Areas Land Assemblage credit was passed in 2007 and will expire this August.
McKee's company has received more than $40 million so far and amassed 2,200 parcels of land in north St. Louis for the project. But McKee told the St. Louis Post-Dispatch that he's needs to buy another 500 parcels for contiguous sites.
The NorthSide project calls for new and refurbished homes, retail and manufacturing space, along with schools and medical facilities on a two square mile area just north of downtown.
The $95 million Distressed Areas Land Assemblage credit was passed in 2007 and will expire this August.
McKee's company has received more than $40 million so far and amassed 2,200 parcels of land in north St. Louis for the project. But McKee told the St. Louis Post-Dispatch that he's needs to buy another 500 parcels for contiguous sites.
The NorthSide project calls for new and refurbished homes, retail and manufacturing space, along with schools and medical facilities on a two square mile area just north of downtown.
Published in
Local News
Latest News
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
Former Rep. Todd Akin to speak in North County this wee…
Controversial politician Todd Akin is in North County to speak at a Republican club's monthly meeting. He will be speak at Yacovelli's Thursday night at 7:30. The event is open to...
Few details after fatal overnight shooting
Still very little information after a man was shot and killed in north St. Louis this morning. Police say they found 20-year-old Jermaine Johnson on the street near the city's bor...
Gov. Quinn throws support behind fracking expansion
SPRINGFIELD, Ill. (AP) - Gov. Pat Quinn says he hopes a bill that would kick-start high-volume oil and gas drilling passes "swiftly" through the Illinois House and Senate after a H...
Missouri juveniles in prison for life, still face uncer…
JEFFERSON CITY, Mo. (AP) - Prison sentences for Missouri juveniles convicted of first-degree murder remain uncertain because lawmakers did not pass a new sentencing scheme before a...
Work stalled at Bridgeton Landfill; additional police t…
For a second day, heavy rainfall has delayed the start of a project at the Bridgeton Landfill. But when work begins to get rid of an odor coming from the landfill--homeowners ...
Tea Party members protest at local IRS office
Blowback against the IRS is becoming more local. Fox 2 reports that members of the Tea Party are holding a rally outside an IRS Office in Town and Country. The protesters are upse...
GOLF ADOPTS RULE TO BAN ANCHORED PUTTING STROKE
Golf's governing bodies approved a rule Tuesday that outlaws the putting stroke used by four of the last six major champions, a move opposed by two major golf organizations that co...
MILLER TAKES LOSS AS PADRES BEAT CARDINALS 4-2
SAN DIEGO (AP) -- With the St. Louis Cardinals leading the San Diego Padres 2-1 in the sixth inning, manager Mike Matheny had seen enough of Shelby Miller. The rookie right-hand...
