Supreme Court Hears Tax Incentives Case

Photo courtesy of Wikimedia

The Missouri Supreme Court will hear oral arguments Wednesday in a legal dispute involving a St. Louis developer seeking $400 million in tax increment financing and a blight designation for two square miles of the city.

At stake is the future of Paul McKee’s grand plan to remake some of St. Louis’ most battered neighborhoods with potentially thousands of new homes and hundreds of acres of office, retail and industrial space. More broadly, the ruling could affect the way cities and developers use one of the region’s most popular incentive programs.

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