Sunday, 09 June 2013 07:47
St. Louis regeneration project to start in fall
ST. LOUIS (AP) — The long-delayed NorthSide Regeneration project in St. Louis is expected to get started by November.
The St. Louis Post-Dispatch reports that developer Paul McKee says he is meeting every 10 days with city officials to get the project started as soon as possible.
The $8 billion development by McKee's NorthSide Regeneration LLC is envisioned eventually to include 10,000 homes and millions of square feet of office space in an impoverished two-square-mile area north of downtown St. Louis.
The project got a boost from a Missouri Supreme Court ruling in April that gave the go-ahead to nearly $400 million in city financing for road and street work.
McKee says he is getting more calls from potential tenants now that the lawsuit is finished.
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
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