Tuesday, 09 April 2013 14:37
Supreme Court rules in favor of Paul McKee in TIF case
ST. LOUIS (AP) - The Missouri Supreme Court has ruled in favor of a massive project using tax increment financing to redevelop an impoverished area of St. Louis.
A trial court more than two years ago threw out $390 million in TIF funding for developer Paul McKee's NorthSide Regeneration project. An appeals court sided with the trial court.
But the Missouri Supreme Court in a unanimous ruling Tuesday reversed the part of the ruling that voided a city ordinance, allowing the project to move forward.
An attorney for residents who sought to stop TIF funding calls the ruling disappointing. But McKee's attorney says it is a big day for St. Louis.
The $8 billion development is expected to eventually include 10,000 homes, office and retail space in a two-square-mile area north of downtown.
Published in
Local News
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
NO GEM FOR GARCIA AS ROCKIES BEAT CARDINALS 8-2
ST. LOUIS (AP) -- Jaime Garcia got rocked again by Colorado and fell well short of giving the St. Louis Cardinals three straight pitching gems. "I made a couple mistakes and pai...
KTRS Sports: Sources say there are problems in Blues' l…
After Wednesday night's 3-2 overtime loss to the Kings, KTRS Sports Director John Hadley reports that the Blues are having issues behind the scenes. Obviously, there are issues fo...
KINGS BEAT BLUES 3-2 IN OT, TAKE 3-2 SERIES LEAD
ST. LOUIS (AP) -- The way the Los Angeles Kings opened the playoffs is old news. The defending Stanley Cup champions are headed home where they've dominated, one win shy of survivi...
Kings have momentum, Blues still have home ice
ST. LOUIS (AP) - The defending Stanley Cup champions looked the part while evening their series against the St. Louis Blues. The Los Angeles Kings dominated the second half ...
Wood outpitches Lynn in Cubs' win over Cards
CHICAGO (AP) - Travis Wood pitched impressively into the seventh inning to outduel Lance Lynn, Nate Schierholtz hit a two-run homer and the Chicago Cubs snapped the St. Louis Ca...
LA Kings rally late, even series with Blues 4-3
LOS ANGELES (AP) - Anze Kopitar tied it with 12:46 to play, Justin Williams tipped home the go-ahead goal 76 seconds later, and the Los Angeles Kings evened their first-round s...
GARCIA PITCHES CARDINALS PAST BREWERS 10-1
MILWAUKEE (AP) -- Jaime Garcia put the Brewers and St. Louis' sweep of Milwaukee under wraps. He pitched eight innings and Allen Craig drove in four runs to lead the St. Louis C...
LA KINGS' QUICK BLANKS BLUES 1-0
LOS ANGELES (AP) -- From the opening minutes to St. Louis' final flurries, Jonathan Quick played every puck with the desperate determination necessary to win the Stanley Cup. Ev...
