Local leaders to pitch $8 billion north St. Louis redevelopment project

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by KMOV.com staff

KMOV.com

Posted on October 8, 2013 at 8:02 AM

Updated Tuesday, Oct 8 at 8:52 AM

(KMOV) -- A number of St. Louis aldermen will meet on Tuesday to discuss plans to regenerate the city’s north side.

Congressman Lacy Clay, Mayor Francis Slay and developer Paul McKee will appear in front of an aldermen submitted as they encourage to move forward with redevelopment plans.

McKee wants an $8 billion project to transform two square miles north downtown, close to the new tucker ramp off Interstate 70 and the Mississippi River Bridge project.

But to do that he says he needs $400 million of TIF money. Slay agrees.

“What we want to do is revitalize this area. We want to bring jobs, we want to bring people back to the neighborhood, we want to improve the quality of life in the area as well,” said Slay. “Address the environmental contaminations in the area, address the infrastructure issues and build a community that’s more livable and more enjoyable.

But the livable community is at the heart of the arguments against the project. They say those who call the area home are afraid a new huge development will kick them out of their homes.

 

 

 

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