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St Louis News: City of Saint Louis to Terminate Agreement with Northside Regeneration, LLC

St Louis News: City of Saint Louis to Terminate Agreement with Northside Regeneration, LLC

City Claims developer, Northside Regeneration, LLC in default of Redevelopment Agreement

St. Louis, MO – Today, the City of St. Louis served notice to Northside Regeneration that it has failed to fulfill numerous commitments to the City and is therefore in default.

In 2009, the City agreed to designate about 1,500 acres of land as the “Northside Regeneration Redevelopment Area”, which encompasses over two square miles.  Furthermore, the City agreed to grant Northside exclusive development rights over the Area and also approved $390 million in public financing for Northside in the form of tax-increment financing. 

Continue reading St Louis News: City of Saint Louis to Terminate Agreement with Northside Regeneration, LLC at STL.News.



This post first appeared on STL.News, please read the originial post: here

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St Louis News: City of Saint Louis to Terminate Agreement with Northside Regeneration, LLC

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