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PostAug 26, 2021#26

The big silver bullet project is seductive. The white knight individual hero coming to save the day is seductive.

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PostAug 26, 2021#27

KansasCitian wrote:
Aug 26, 2021
I fully expect that while McKee got all of that land for a song, he's probably going to gouge developers that show interest. 

I don't know how he ever sold St. Louis city leadership on his altruism. 
I think the better way to look at it is the city was desperate and who McKee sold his idea was to a group of state lawmakers who that thought that if they hand a  single private developer/private entity a bunch of tax credits/cash to buy up a part of city that it would solve  all problems.   I can't think of any better example on how to utterly socialize losses and privatize profits.  DB had the best word(s) to describe northside even though I supported it once upon a time.

As far as Ponce Health Service.  Agree with Sc4Mayor comments in that it now has some legitimacy and most likely a path forward to ground breaking now that Mercy has signed on.

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PostAug 26, 2021#28

Maybe I missed it, but any explanation yet on the source of the $80 million? 

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PostAug 26, 2021#29

^ the bank?

But really don’t be surprised to see a huge healthcare investment in the $3.5t spending plans that’s on deck (tho it will end up being less then $3.5t) but it will be in the 2 range and funding for rural and poor urban hospitals/training schools will be in the mix

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PostAug 26, 2021#30

dbInSouthCity wrote:
Aug 26, 2021
^ the bank?

But really don’t be surprised to see a huge healthcare investment in the $3.5t spending plans that’s on deck (tho it will end up being less then $3.5t) but it will be in the 2 range and funding for rural and poor urban hospitals/training schools will be in the mix
The KMOV article said they plan on breaking ground this year and having this building partially open Fall '22.  Obviously they have to have the money in hand for that to happen.  I doubt a bank is going to loan them $80 million based on some Federal funding that may or may not happen, hence my question.

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PostAug 26, 2021#31

Article I saw says breaking ground 2023 and opening 2025

From the Pd story on page 1 toward the bottom

“The university is planning an $80 million north St. Louis branch, part of the NorthSide Regeneration footprint led by developer Paul McKee. Construction, led by Clayco, is slated to start in early 2023 and wrap up by late 2024 or 2025, Lenihan said. He said the university has about 35 faculty members now but projects it will eventually employ 300 faculty”

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PostAug 26, 2021#32

^ Yep. I’ve seen nothing that has this starting before 2023. Granted I’m talking about the most recent press.

There were some old articles when this first was announced talking about a 2020 start but without a solid healthcare provider, like Mercy, I’m not surprised that initial timeline got pushed back a bit.

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PostAug 27, 2021#33

urbanitas wrote:
dbInSouthCity wrote:
Aug 26, 2021
^ the bank?

But really don’t be surprised to see a huge healthcare investment in the $3.5t spending plans that’s on deck (tho it will end up being less then $3.5t) but it will be in the 2 range and funding for rural and poor urban hospitals/training schools will be in the mix
The KMOV article said they plan on breaking ground this year and having this building partially open Fall '22.  Obviously they have to have the money in hand for that to happen.  I doubt a bank is going to loan them $80 million based on some Federal funding that may or may not happen, hence my question.
I saw that too on the news partially opening on FY22 but it could of been a mistake maybe! Who knows.


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PostAug 27, 2021#34

sc4mayor wrote:
Aug 26, 2021
^ Yep.  I’ve seen nothing that has this starting before 2023.  Granted I’m talking about the most recent press.

There were some old articles when this first was announced talking about a 2020 start but without a solid healthcare provider, like Mercy, I’m not surprised that initial timeline got pushed back a bit.
From 2 days ago, from their broadcast, with the latest renderings:

KMOV: School of medicine coming to north St. Louis
"Founded in downtown St. Louis in 2018, Ponce Health Science University is developing a new school of medicine, which is set to be built near the future site of the NGA campus near the corner of Jefferson and Cass. Plans call for construction to begin late in 2021 and opening with a freshman class of 150 in fall, 2022."

🤷‍♂️

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PostAug 27, 2021#35

^ Two days ago in the PD.
The university is planning an $80 million north St. Louis branch, part of the NorthSide Regeneration footprint led by developer Paul McKee. Construction, led by Clayco, is slated to start in early 2023 and wrap up by late 2024 or 2025, Lenihan said. He said the university has about 35 faculty members now but projects it will eventually employ 300 faculty.
Definitely not the first time I’ve seen KMOV get it wrong tho. 🤷‍♂️

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PostSep 03, 2021#36

Got to the bottom of it. Both are true. The fall 2022 class will start at the Globe building

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PostNov 01, 2023#37

Has this been killed by interest rates? It would be a pretty big deal for north Jefferson if it happens.


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