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Northside developer Paul McKee given the green-light on the Bottle District

By on November 30, 2011 in St. Louis Real Estate Development

Can Paul McKee and the St. Louis Board of Alderman put the 17-acre Bottle District project in Downtown St. Louis be put back together again? Despite the fact (or maybe because of it) that his massive Northside project has yet to gain enough traction to get off the ground, developer McKee seems to think so. And more importantly, [...]

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Tax credits cannibalizing regional tax base

Tax credits cannibalizing regional tax base

By on January 26, 2011 in St. Louis Real Estate Development

When state and local governments hand out tax credits to developers and businesses, nearby residents often rejoice. Who doesn’t like new local jobs and shiny new buildings? But this perpetual tax credit “tug of war” has no winners as all it serves to do is line the pockets of the receiving business, while the rest [...]

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Paul McKee’s Northside development presses forward

Paul McKee’s Northside development presses forward

By on November 1, 2010 in St. Louis Real Estate Development

Despite losing out on $390 million in tax increment financing (TIF) money following a recent lawsuit, mega-developer Paul McKee is pressing forward on his ambitious Northside project. Both lauded and panned, there is no doubt that this project could prove a game changer for North St. Louis and the City as a whole. Here’s to [...]

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Analysis of St. Louis TIF developments

Analysis of St. Louis TIF developments

By on January 24, 2009 in St. Louis Real Estate Development

Tax Increment Financing has become almost commonplace in our region and the United States as a whole. The concept of applying future taxes created from a project back into the project make sense on paper, but its always been a question whether or not the method is truely affective in creating overall revenue growth. Based [...]

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