St. Louis mayor says big vision for northside should lead to big results
By APWednesday, November 18, 2009
St. Louis mayor signs measures for development
ST. LOUIS — St. Louis Mayor Francis Slay says the large scale of developer Paul McKee’s plans for a north side redevelopment should be a key to the project’s success.
Slay on Tuesday signed two bills that set a redevelopment area and redevelopment plan for the 15-year project.
McKee plans to work with other developers to turn crumbling sections of north St. Louis within a 1,500-acre area into revitalized neighborhoods anchored by business centers.
Slay said the scope of the project will allow for a planned, sustainable community that will include new jobs. One early aspect of the development will be renovations to the Clemens House, a historic property that will be turned into senior housing and a museum.
The city hasn’t yet committed to guaranteeing part of the tax increment financing on the project.
