Judge rules against St. Louis development plan - KMOV.com

Judge rules against St. Louis development plan

ST. LOUIS (AP) -- A proposed $8.1 billion plan to redevelop north St. Louis is now in jeopardy after a judge ruled in favor of opponents of the project.

Circuit Judge Robert Dierker on Friday overturned aldermanic approval of $390 million in tax increment financing for developer Paul McKee's project.

The funding was challenged by a group of residents of the area where the redevelopment would occur.

The project seeks to turn crumbling sections of 1,500 acres of north St. Louis into revitalized neighborhoods anchored by business centers.

City Counselor Patti Hageman called the ruling disappointing and says the city is considering an appeal. Hageman says officials do not believe the ruling is an end to the project.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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