Senator Jamilah Nasheed Calls on St. Louis Developer to Return State Tax Credit
JEFFERSON CITY — State Sen. Jamilah Nasheed, D-St. Louis, is calling on developer Paul McKee to return the $40 million he made from state tax credits that were based on fraudulent property values according to city officials.
“In a city and state that struggle to pay its bills, we cannot afford for people like Paul McKee to skim off the top through fraudulent tax credits,” Sen. Nasheed said. “Paul McKee owes the people of Missouri an explanation, but first he owes them $40 million. Years ago, my former chief of staff, the late Erick Vickers, tried to warn us about McKee’s scams. Today, we know that Eric was right,” Sen. Nasheed continued. “Paul McKee took tens of millions of dollars from taxpayers, and all St. Louis has to show for it are acres of mud.”
In December of 2009, Vickers and others plaintiffs sued McKee over allegations that city officials mishandled procedures related to McKee’s Northside project. While a portion of the land McKee assembled was later acquired by the City of St. Louis for the National Geospatial-Intelligence Agency site, acres of McKee’s land remains undeveloped.
For more information, contact Sen. Nasheed’s office at 573-751-4415