The great McKee empire unraveling continues with latest from Post Dispatch. While it is very frustrating, I have to agree with this move by the city to protect its ability to provide NGA a site. The Feds are going to make a decision on a 1.6 billion dollar investment in the region that involves 3,000 jobs that could be easily be expanding as intelligence and mapping are not going away anytime soon. Maybe even puts the city in a position to go someone like McCormack Baron to utilize New Market Tax credits if all else fails.
Unfortunately for people on this blog and tea partiers alike, offering the ATT One center is not on their list no matter how hard anyone wishes it was. Offering ATT one center would make way too much sense, be great for the region, urban density and the re-use of space that has transit in place, a fiber network in place and a rebuilt & upgraded Ameren/electric gird in downtown Plus, for tea partiers it would save American taxpayers probably a billion dollars easily in this boondoggle of NGA plan.
http://www.stltoday.com/business/local/ ... 0b47b.html
It is interesting to note the major moves to foreclose on McKee's properties have taken place in the last couple of weeks
1) Hazelwood Logistics near Lambert. Supposedly the new owners intend or least talking of more space to built out for warehouse, light industrial which will be a plus for North St. Louis county
2) Shilo Development over on the Illinois Side. With movement again in housing it seems the creditors want McKee out. I guess you can't blame them.
3) Now properties for the Cities proposed NGA site.
I wonder when his share of Bottlework site and any West Downtown properties will be sought after. Outside of that, It is tough to see creditors doing much at all except wait it out. I certainly don't see creditors coming to the rescue.