Someone needs to be arrested.
The Greenleaf Market continues inching toward its inevitable closure: It's open 8-4:30 Mon-Sat, closed Sunday. Never seen more than 3-4 cars there, and there's more likely to be zero at any one time than four. There's little pedestrian traffic as well.
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Oh, the regeneration! If ever there was a lesson that the structure of profit in developer fees should make everyone instinctively dismissive of any developer's promises for mid- or long-term growth and job development, McKee's feeble set of completed projects is a case study. McKee's fake project has dealt a massive blow to connecting downtown to north city that may never be repaired. I sarcastically hope that this at least worked as a capitalist snow job, because otherwise everyone has lost with Northside Regeneration.
And each change of season with accompanying freeze and thaw cycles perpetuates the losses.preservation.research.office wrote: ↑Nov 29, 2022Oh, the regeneration! If ever there was a lesson that the structure of profit in developer fees should make everyone instinctively dismissive of any developer's promises for mid- or long-term growth and job development, McKee's feeble set of completed projects is a case study. McKee's fake project has dealt a massive blow to connecting downtown to north city that may never be repaired. I sarcastically hope that this at least worked as a capitalist snow job, because otherwise everyone has lost with Northside Regeneration.
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Northside Regeneration may be the single worst thing to happen to the city in the past 30-40 years
It's really unreal that action hasn't been taken at this point. Does city leadership even comment on it? Greater St. Louis Inc.? If legal action can't be taken, couldn't/shouldn't the powers that be just pressure him out? With all the money/credits he has received can't we look at his finances?
I understand that Northside Generations is probably a complex real estate issue but wasn't most of it and therefore where most of his tax credits is from the state, actually codified in state law? Could be wrong but I wouldn't be surprised if any legal action would require state AG offices to move forward on it. The other item, that I have no clue but would assume that the deal made between Northside Regeneration and City is also legally binding. So can only assume that city leadership has a fundamental decision, go down the road involving years of litigation or even gave a chance for lawsuits or wait out the process. Of course, that begs another question in if any of the dealings at hand have a sunset? Kinda like the CORTEX district TIF district had a legit renewal date incorporated.robertn42 wrote: ↑Nov 29, 2022It's really unreal that action hasn't been taken at this point. Does city leadership even comment on it? Greater St. Louis Inc.? If legal action can't be taken, couldn't/shouldn't the powers that be just pressure him out? With all the money/credits he has received can't we look at his finances?
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I thought the city was suing him to claw back awarded TIF / Tax credits.
The City and SLDC did cancel the development agreement and associated incentives. There is pending litigation over that decision. That is the only thing City and SLDC reps will say when asked.
At a bare minimum, they should be going after every single one of his derelict properties that have code violations.
They are probably afraid of being sued for selective enforcement.robertn42 wrote: ↑Nov 30, 2022At a bare minimum, they should be going after every single one of his derelict properties that have code violations.
I agree, it should be enforced against all beneficiaries of the Distressed Areas Land Assemblage tax credit equally.
-RBB
StlToday - Neighborhood group files nuisance lawsuit against NorthSide over property
https://www.stltoday.com/news/local/cri ... 05652.html
https://www.stltoday.com/news/local/cri ... 05652.html
Dude, ***** this guy. It's got a laundry list of violations in record. This isn't some vacant parking lot or other 'nuisance'. It's a crumbling building on the edge of a great neighborhood.In a response filed in December, NorthSide and McKee deny the allegations in the suit and argue the neighborhood association lacks standing to sue under the state’s nuisance property laws.
He doesn't deserve a single thing or iota of consideration. How is he still being bankrolled? Where does Northside even make money to keep property taxes up to date? Every single project has been a total flop thus far.
It doesn't. I suspect it's long been at the point where it's unclear who owns who, the bank or McKee. Imagine loaning someone so much that you're stuck. Foreclosing doesn't make sense as the assets are way underwater.
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If somebody came around with the capacity fully bought out McKee and actually made North Side regeneration happen, they would probably make a ridiculous amount of money
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^ , despite being a asshat it’s not like McKee didn’t want to make the money. It was never workable or possible. People who live there now can’t afford $250,000-500,000 houses and people who can do not want to live there.
You cannot fix north side without gentrification and displacing the poor that live there via the private sector. North side can only be fixed with the public sector changing conditions there
You cannot fix north side without gentrification and displacing the poor that live there via the private sector. North side can only be fixed with the public sector changing conditions there
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McKee always wants to make money, and he does so by taking advantage of tax programs and handouts, while deferring maintenance and building nothing. If his regeneration plan was never tenable then a veteran like McKee would have known well in advance and proceeded to cash in on tax credit sales. The public sector gave him everything they had.dbInSouthCity wrote: ↑Dec 27, 2022^ , despite being a asshat it’s not like McKee didn’t want to make the money. It was never workable or possible. People who live there now can’t afford $250,000-500,000 houses and people who can do not want to live there.
You cannot fix north side without gentrification and displacing the poor that live there via the private sector. North side can only be fixed with the public sector changing conditions there
At the end of the day you have to give him, and his track record, the eye test, and I don't think he passes muster.
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Yes McKee wanted to take money, but he wanted to do so with no personal risk. Thanks for the tax credits... wait you want me to put that plus more on the line in order to eek out a possible profit (or huge loss). No thanks I'll just keep the credit.
https://www.ksdk.com/article/news/local/business-journal/new-nga-st-louis-campus-blighted-future-redevelopment/63-b34c7efc-0637-475e-bfcd-b5ba23dc7a3d
not sure whether to put this here or NGA thread. either way, what is the angle they are working. is it to get the properties out of McKee hands? northside regen has been a blight on redevelopment...
not sure whether to put this here or NGA thread. either way, what is the angle they are working. is it to get the properties out of McKee hands? northside regen has been a blight on redevelopment...
Isn't a lot of this blighted already for the Northside Regeneration TIF?
Another McKee building up in smoke
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Saw this smoke from iTap Soulard during the CitySC match.
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MSD sues Paul McKee's NorthSide, which also owes $646K in back taxes
https://www.bizjournals.com/stlouis/news/2023/06/02/msd-sues-mckees-northside-back-taxes.htmlThe Metropolitan St. Louis Sewer District is pursuing Paul McKee's NorthSide Regeneration in court over unpaid fees, as the North City landholder also owes the government hundreds of thousands of dollars in delinquent property taxes.
MSD, through the Gusdorf Law Firm LLC, on May 14 filed suit in St. Louis Circuit Court against NorthSide, saying it owes $7,154 on three properties but has refused to pay: 3003 James Cool Papa Bell Ave. ($2,937), 2511 1/2 Dodier St. ($2,975) and 1909 N. Market St. ($1,242). MSD said in the filing that it provided sewer, wastewater, stormwater and/or other services for the properties.
An attorney for NorthSide, Joseph Dulle of Stone, Leyton & Gershman, said NorthSide in January sold 3003 James Cool Papa Bell "and pursuant to the sale agreement the purchaser is obligated to pay all outstanding sewer invoices that existed prior to the sale and as the current owner for any that arise after the sale." Abdirahman Abdulle and Gure Zahra own the property, according to city records.