After years of stalled promises and crumbling properties, St. Louis officials are taking matters into their own hands. The city of St.
Louis is looking to purchase more than 100 vacant properties on the city's north side, most of which are owned by Paul McKee's Northside Regeneration LLC. But according to 5 On Your Side that wishful thinking is turning into a nightmare. Don't miss According to the Northside Regeneration website, the company planned "a large-scale and holistic transformation of a two-square-mile section of north St.
Louis City." It claimed the development would create 43,000 construction jobs and 22,000 permanent jobs. Internet archives show that the Northside Regeneration project has been in the works since at least 2009, but city officials say the developer has failed to follow through on those promises.
Alderman Rasheen Aldridge, who represents Ward 14, emphasized the long history of stalled development in the area and the frustration it has caused residents. "Paul McKee isn't somebody that just popped up on the scene,” he told reporters . “This has been a man who has been buying property in my neighborhood since I was a kid and hasn't done anything with it.
He's been sitting on them letting them crumble." Aldridge added the failed development plan is not just about unrealized dreams — leaving the properties vacant also puts residents at risk. What is the city's plan? Last year, St.
Louis Mayor Tihsaura Jones signed a bill to allow economic redevelopm.
