Sunday Poll: Any Hope of Reviving North St. Louis Without Paul McKee?
Developer Paul McKee had a bad week last week.
In a letter filed Tuesday, city officials say it’s time to face facts.
“After a decade, the promised redevelopment has not come, nor is there any indication that it will,” the letter states.
“Land lies fallow. Taxes go unpaid. Vacant buildings remain dangerous and unsecured….these are not the results the City bargained for when it granted Northside redevelopment rights for the Area,” the letter reads.
The letter says that McKee and his entities have failed to fulfill numerous promises to the City and claims that McKee is in default.(KMOV)
The following day it got worse:
Missouri Attorney General Josh Hawley filed on Wednesday a lawsuit against developer Paul McKee’s NorthSide Regeneration LLC, alleging the company kept $4.5 million in state tax credits despite failing to complete the purchase of more than $5 million worth of properties in north St. Louis.
Hawley’s suit brings three civil counts against the company: tax credit fraud, breach of tax credit application and unjust enrichment. (Post-Dispatch)
Paul McKee’s NorthSide Regeneration is the subject of today’s non-scientific poll:
This poll will close automatically at 8pm tonight. Come back Wednesday for my thoughts.
— Steve Patterson