“An attorney for the city of St. Louis on Thursday called a transaction between developer Paul McKee and the former owner of the Buster Brown shoe factory a “sham” where no money exchanged hands except Missouri tax credits that the two sides split.” <br> <br>This is the tip of a big assed iceberg…

"An attorney for the city of St. Louis on Thursday called a transaction between developer Paul McKee and the former owner of the Buster Brown shoe factory a “sham” where no money exchanged hands except Missouri tax credits that the two sides split."

This is the tip of a big assed iceberg...

In McKee deals revealed in court, no money, only tax credits changed hands, city says

Deal was structured so interest payments generated more tax credits.
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