How so what? The question is unclear. Michael's post explains it pretty well: in order to use the DALATC, a developer must enter into redevelopment agreement with local government (thus providing a mechanism for local control). In St. Louis, redevelopment plans must be approved by the Board of Aldermen.By the way, say Chris, any chance you'd open your blog to anonymous comments?
I didn't even realize I had turned anonymous comments off. Can't change it from work, unfortunately.What I meant was, has something else happened that coincides with the subject of the column?
McKee's project popped back into the press again due to the arsons. My column deadline was a few weeks ago.
Ah, that's what I figured you meant.Thanks
Couldn't he just blow off the first year or so of purchases and extend his deadline for however long he needs? Could the buying frenzy of the last couple of years allow him to simply absorb that loss?
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