On Wednesday, the St. Louis Board of Alderman had good news for Northside Regeneration Project developer Paul McKee and the city's unemployed.
A committee of alderman approved one amendment to the $390 million tax increment financing package. The amendment forces the NorthSide project to comply with the First Source Jobs Policy, which mandates that any unemployed city residents get priority for entry-level positions. A $250,000 fund will be established to help with home repair for resident and $1 million will be set aside for neighborhood planning in other parts of north city.
The bill now moves to the full Board of Alderman and could get final approval as soon next week. McKee says he will use TIF funds to complete some street and sewer work and would break ground this year.