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STL Aldermen consider McKee's Northside TIF this week

Paul McKee has said he needs the TIF updates before he can seek financing; but once he gets them, he hopes to start road and street work by the end of this year. Paul McKee has said he needs the TIF updates before he can seek financing; but once he gets them, he hopes to start road and street work by the end of this year. Image Source: UMSL

   A U.S. Congressman and the Mayor of St. Louis will both go before the Board of Aldermen this week in hopes of forwarding the long-stalled Northside Regeneration Project.  

   Aldermen are considering a bill that would tweak developer Paul McKee's nearly $400 million tax increment financing package to account for delays suffered while the city fought a lawsuit against it.  

   The St. Louis Post-Dispatch reports that the fate of the project's TIF is unclear.  

   Congressman William Lacy Clay and St. Louis Mayor Francis Slay will speak in favor the 1,500 acre project.  But only one of the five aldermen whose wards make up the project area just north of downtown, 5th Ward Alderwoman Tammika Hubbard, clearly supports Northside.  

   And one, Alderman Freeman Bosley Senior, has threatened to block the bill if there isn't more community input in the project and better protections for current homeowners. 

 

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