McKee hits expensive snag in north St. Louis redevelopment plan

McKee hits expensive snag in north St. Louis redevelopment plan

McKee hits expensive snag in north St. Louis redevelopment plan

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KMOV.com

Posted on October 13, 2011 at 6:48 PM

(KMOV) – A plan to develop a plot of land in north St. Louis city has hit another snag.

The developer is asking the county to spend millions to help refinance the project - $14.75 million in bonds to be exact.

A meeting will be held later this month.

Opponents say if the council decides to approve the refinancing for McKee, it could put taxpayers further on the hook if the development falls through.

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