Tagged: Paul McKee

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6:39 am
Mon February 25, 2013

While Northside Waits, Clemens House Crumbles

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Credit (Maria Altman/St. Louis Public Radio)
The Clemens House was built by Mark Twain’s uncle James Clemens and completed in 1860. Developer Paul McKee bought the property in 2005.
Credit (Maria Altman/St. Louis Public Radio)
The chapel was added by the Sisters of St. Joseph in 1896. After a tree took much of the roof down, McKee had it removed completely.
Credit (Maria Altman/St. Louis Public Radio)
The chapel has been left open to the elements, with no roof or plywood over the door.
Credit (Maria Altman/St. Louis Public Radio)
Part of the roof on the Clemens House collapsed sending floors down to the basement.
Credit (Maria Altman/St. Louis Public Radio)
The high brick wall facing Cass Avenue is crumbling.
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A huge redevelopment project on St. Louis’ north side has been in a holding pattern for years.

A lawsuit challenged the city’s authorization of millions of dollars in tax incentives for the 1,500-acre development “Northside Regeneration.”

The Missouri Supreme Court could rule on the case as early as Tuesday.

But as St. Louis Public Radio’s Maria Altman reports, the years of waiting for work to begin have left questions about whether developer Paul McKee can really pull off his expansive plan.

The Mark Twain Connection

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NorthSide Redevelopment
7:42 am
Wed February 13, 2013

McKee Asks Mo. House Committee For More Time To Make Use Of Land Assemblage Tax Credits

Credit Marshall Griffin/St. Louis Public Radio
St. Louis Developer Paul McKee tells a Mo. House committee about his NorthSide Regeneration Project. McKee wants lawmakers to pass a bill that would extend the life of the state's Distressed Areas Land Assemblage Tax Credit program until Aug. 28th, 2019.
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St. Louis developer Paul McKee took center stage Tuesday night at a Missouri House hearing on legislation that would extend the lifespan of the Distressed Areas Land Assemblage Tax Credit program (DALATC).

The controversial incentives are set to expire August 28th, but if passed, House Bill 423 would push the expiration date to August 28th, 2019, giving McKee six more years to get his NorthSide Regeneration Project off the ground.  He says the extra time will enable his group to put together large parcels that can be used to lure another Mastercard or another Express Scripts to St. Louis.

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NorthSide Redevelopment
5:44 pm
Wed November 28, 2012

Lawsuit Over NorthSide Project, TIF Law, Heard By Mo. Supreme Court

Credit Marshall Griffin/St. Louis Public Radio
Developer Paul McKee outside the main hearing room at the Missouri Supreme Court on Nov. 28th, 2012.
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St. Louis developer Paul McKee’s NorthSide redevelopment plan took center stage today at the Missouri Supreme Court.

He’s been seeking nearly $400 million in Tax Increment Financing (TIF) from the city – but the project has been on hold since Circuit Judge Robert Dierker ruled two years ago that its details are too vague to justify awarding TIF dollars and for declaring two square miles of north St. Louis as blighted.  Cheryl Nelson is one of the plaintiffs.  She says McKee’s project has wrecked the property value of her home.

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