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Subsidy Tracker Individual Entry

Company: Northside Regeneration
Parent Company: McEagle Properties
Subsidy Source: local
Location: Missouri
City: St. Louis
Project Description: Northside urban redevelopment project
Year: 2009
Major Industry of Parent: real estate
Specific Industry of Parent: real estate
Subsidy Value: $430,600,000
Subsidy Value in 2023 Dollars: $614,771,465
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Source of Data:  The value of the TIF district is based on St. Louis City Ordinance No. 68485 approved on October 30, 2009; available online at: (click here). The value of the state tax credits is taken from: Tim Logan, "State issues $10.5 million more in tax credits for McKee," St. Louis Post- Dispatch, January 3, 2013.
Notes: In 2009 the St. Louis Board of Alderman approved $390.6 million in Tax Increment Financing to reimburse Northside Regeneration, LLC (connected to developer Paul McKee and his firm McEagle Properties) for redevelopment of a 1,500-acre distressed area in north St. Louis. The subsidy was challenged in court, but in April 2013 the state Supreme Court approved the TIF (see for example: Tim Logan, "McKee says he's ready to move forward after Supreme Court ruling," St. Louis Post-Dispatch, April 10, 2013). In addition to the TIF subsidy, the developer received at least $40 million in state tax credits through Distress Areas Lands Assemblage program. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.