A key Aldermanic committee is expected to vote Wednesday morning on tax incentives for Paul McKee’s NorthSide Regeneration plan.
Passage of the updated $390 million TIF isn't assured, but the St. Louis Post-Dispatch reports that its chances are better after a hearing yesterday. U.S. Congressman Lacy Clay, Mayor Francis Slay, and other voiced strong support for the two square mile development north of downtown.
No vote was taken yesterday because half of the eight-member Housing, Urban Development and Zoning Committee was absent from the meeting. Five committee members must be present for a quorum.
The Aldermen missing from Tuesday's committee hearing were Terry Kennedy, who was attending a funeral. Sam Moore, who's recuperating from a bad car accident last week. Antonio French and Chris Carter, whose absence was unexplained. Neither could be reached for comment. Board President Lewis Reed could have filled in, but his staff told the paper that he was out of town.
If the committee approves the changes to the TIF, it will then go before the full Board of Aldermen, where it's chances of passage have improved.
Alderman Freeman Bosley Senior, whose ward makes up a large part of the project area, had opposed the project, but has apparently changed his mind. Bosley toured the project area with McKee last Wednesday and told the paper that after seeing McKee's plans, he doesn't know anyone who would oppose it.