Category Archives: DALATC

Old North Building Owned by McKee Demolished

by Michael R. Allen The house at 1412 Sullivan Avenue in Old North St. Louis fell to wreckers last month. The building was already badly deteriorated when Paul McKee’s holding company Babcock Resources LLC purchased the property at a sheriff’s … Continue reading

Posted in DALATC, Demolition, North St. Louis, Northside Regeneration, Old North | Leave a comment

Will Aldermen Consider McKee Plan This Year?

by Michael R. Allen My latest “Inside the Metropolis” column for the Vital Voice is more timely than I imagined when I submitted it: Will Aldermen Consider McKee Plan This Year?

Posted in DALATC, JeffVanderLou, North St. Louis, Northside Regeneration, Old North, St. Louis Board of Aldermen, St. Louis Place | Leave a comment

Illinois Seeks to Get in on the Distressed Areas Land Assemblage Tax Credit Action

by Michael R. Allen On February 14, Illinois State Representative Jay C. Hoffman (D-112th), introduced a bill in the Illinois General Assembly to create a Distressed Area Land Assemblage Tax Credit for Illinois. The bill, HB 5153, takes verbatim the … Continue reading

Posted in DALATC, Illinois, landbanking, Public Policy, Southern Illinois | Leave a comment

DED Seeking Comments on Rules for Distressed Areas Tax Credit

Via Pub Def: Draft “Land Assemblage Tax Credit” Application Ready for Comments Feel free to discuss the rules in the comments section here. I will be posting my analysis in February.

Posted in DALATC, Missouri Legislature, Northside Regeneration, Public Policy | Leave a comment

Bill Would Lower Acreage Requirements for Distressed Areas Tax Credit

by Michael R. Allen Missouri State Senator Yvonne Wilson (D-9th), who represents Kansas City, has filed SB 814, a bill that would decrease the size of a project eligible under Missouri’s Distressed Areas Land Assemblage Tax Credit (DALATC). Wilson’s bill … Continue reading

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McKee’s Holding Companies May Be Preparing for Tax Credits

by Michael R. Allen There may be movement afoot on the part of developer Paul J. McKee, Jr. to get ready for an application for Missouri’s Distressed Areas Land Assemblage Tax Credit. On October 26, four holding companies owning land … Continue reading

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Baron May Seek Distressed Areas Land Assemblage Tax Credit Act; Discussion Needed

According to recent articles in both the St. Louis Business Journal and the St. Louis Post-Dispatch, developers McCormack Baron Salazar may seek the new Distressed Areas Land Assemblage Tax Credit for the massive Chouteau Lake and Greenway project that they … Continue reading

Posted in DALATC, Downtown, North St. Louis, Northside Regeneration, Public Policy, South St. Louis | Leave a comment

Land Assemblage Project Yielding Development Results in Old North St. Louis

by Michael R. Allen Detail of commercial building at 2712 N. 14th Street. A land assemblage project has led to large-scale development in the Old North St. Louis neighborhood. Construction is almost fully underway at Crown Square, better known as … Continue reading

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