Source: Show-Me Institute
by David Stokes
“Show-Me Institute analysts have been writing and talking about Paul McKee’s Northside (St. Louis) development plan since it started almost 20 years ago. The Northside project plan was to acquire and redevelop large, struggling parts of north St. Louis. The entire project was backed by huge amounts of state and city tax subsidies. How has the project worked out? Did the promises of redevelopment of this part of the city and a great return on the public tax investment pan out? Or did the warnings and concerns of people like Institute analyst Audrey Spalding prove correct? Of course, Northside has been a total failure, and Audrey and others were correct.” (01/21/26)
https://showmeinstitute.org/article/corporate-welfare/live-by-the-sword-die-by-the-sword/