Photo Credit: Ryan Krull/St. Louis Magazine - A boarded-up and busted-out Northside Regeneration-owned property in the St. Louis Place neighborhood.
The City of St. Louis has filed 173 foreclosure lawsuits involving properties with significant delinquent taxes, nearly 75% of which are owned by Paul McKee's Northside Regeneration. The action represents another effort to address long-neglected properties and return vacant and underutilized land to productive use.
The lawsuits seek to have properties sold through sheriff's sales, with proceeds going toward outstanding city charges. Properties that do not sell could eventually transfer to the city's land bank. The filings follow new state and local laws allowing foreclosure proceedings for delinquent property taxes and certain unpaid building code violation fines and fees.
The move adds another front to the city's efforts to regain control of Northside Regeneration properties, following a recent court ruling allowing eminent domain proceedings involving 89 parcels near the new National Geospatial-Intelligence Agency West headquarters.
City officials and neighborhood advocates see the actions as an opportunity to move long-stalled properties toward new ownership and redevelopment. Northside Regeneration's attorney, however, has questioned the accuracy and procedural basis of some of the charges. Read more at St. Louis Magazine
