Developer inflated property values to secure tax credits, STL officials allege

St. Louis officials are alleging developer Paul McKee inflated property values to secure tax credits.

The allegations specifically focus on a property the city acquired by eminent domain as it was assembling land for the future campus of the National Geospatial-Intelligence Agency’s planned western headquarters.

Howard Smotkin, an attorney representing McKee’s Northside Regeneration, denied the accusations.

Read more from the St. Louis Post-Dispatch.