Category Archives: DALATC
Eminent Domain, Northside Regeneration and the St. Louis American
by Michael R. Allen The most recent edition of the St. Louis American‘s lively Political Eye editorial column deals with the Missouri Supreme Court consideration of the Northside Regeneration redevelopment agreement and tax increment financing bills, invalidated by Circuit Court … Continue reading
Changes to Missouri Historic Tax Credit Pass Senate Committee
by Michael R. Allen Yesterday the Missouri Senate’s Ways and Means Committee passed by a 5-0 vote a committee substitute to Senate Bill 280 (now SCS SB 280), which would implement many of the Tax Credit Reform Commission’s recommendations. The … Continue reading
Posted in DALATC, Historic Preservation, Missouri, Public Policy
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McKee’s Open Letter on the Future of Northside Regeneration
by Michael R. Allen Before the end of 2010, the Missouri Department of Economic Development awarded $8 million in Distressed Areas Land Assemblage Tax Credits (DALATC) to Paul J. McKee, Jr.’s Northside Regeneration LLC. Because of a St. Louis Circuit … Continue reading
Tax Credit Accountability
by Michael R. Allen The Show-Me Institute’s research on the Missouri Distressed Areas Land Assemblage Tax Credit raises questions about the Department of Economic Development (DED) rules for usage of that credit. One immediate contrast is the state Historic Rehabilitation … Continue reading
Posted in DALATC, Missouri, Missouri Legislature, Public Policy
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Nixon’s Tax Credit Explanation
by Michael R. Allen This morning in the St. Louis Post-Dispatch I read the worst-ever explanation of how the Missouri historic rehabilitation tax credit works: “Right now, if a building is old and somebody in essence wants to develop that, … Continue reading
Posted in DALATC, Missouri, Public Policy
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Kansas City Seeks Change to Distressed Areas Land Assemblage Tax Credit
by Michael R. Allen Once again, state Senator Yvonne Wilson (D-Kansas City) has offered a bill to reduce the acreage ownership requirement of the Distressed Areas Land Assemblage Tax Credit Act from 50 to 30 acres. This bill is SB … Continue reading
New Federal Bills Would Help Neighborhood Preservation Efforts
by Michael R. Allen Public policy has a tremendous impact on the chance that historic buildings have for survival. St. Louisans know well how many buildings are still standing, gloriously rehabilitated, because of the Missouri historic rehabilitation tax credit adopted … Continue reading
Posted in DALATC, Historic Preservation, Missouri, Public Policy
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DALATC and the McEagle Project
by Michael R. Allen Now that McEagle Properties has started to reveal its plan for north St. Louis and downtown, let’s review the Distressed Areas Land Assemblage Tax Credit Act. Last night at a meeting, Bill Laskowsky from McEagle and … Continue reading
Tax Credit Action in the State Legislature
by Michael R. Allen Yesterday the Missouri House of Representatives passed the House Committee Substitute (HCS) to Senate Bill 377. Now included in the bill is a $150 million cap on the historic tax credit with a $250,000 (in credits … Continue reading
Anti-Historic Tax Credit Gang Lacking Consistent Records
by Michael R. Allen Here’s what some Missouri state senators are saying about the successful state historic rehabilitation tax credit that they are trying to destroy (the Senate will take up one proposal today): “Tall hogs don’t like to move … Continue reading
Posted in DALATC, Missouri Legislature, Public Policy
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