Poll: Current Thoughts on McKee’s Northside Regeneration Project?
Friday 5th ward alderman April Ford-Griffin introduced Board Bill 278 regarding Paul McKee’s stalled Northside Regeneration project:
An Ordinance authorizing the execution of a project agreement between the City of St. Louis and Northside Regeneration, LLC; prescribing the form and details of said agreement; authorizing other related actions in connection therewith; and containing a severability clause.
This agreement would cover only a fraction of McKee’s overall project:
The proposal includes cleaning up 14 vacant lots, tearing down six empty buildings and rehabbing seven more, including the old Greyhound Bus station at Cass Avenue and 13th Street. It also would build a $750,000 materials recycling center on 10th Street near Interstate 70, where bricks, wood and other materials from demolished buildings and ripped-up roads would be stored and sold for reuse. (Post-Dispatch)
This is in response to a legal delay last July:
A St. Louis judge threw out a city ordinance Friday that authorized $390 million in tax increment financing – the largest in the city’s history – for Paul McKee Jr.’s $8.1 billion NorthSide redevelopment.
St. Louis Circuit Judge Robert Dierker ruled in favor of city residents who allege in a lawsuit filed last fall that the Board of Aldermen did not comply with state law when it approved a tax increment financing (TIF) package for McKee’s massive project. (St. Louis Business Journal)
So McKee’s Northside Regeneration project is the subject of the poll this week (upper right of blog).
– Steve Patterson