” Missouri Attorney General Eric Schmitt’s office has agreed to dismiss a 2018 lawsuit accusing Paul McKee’s NorthSide Regeneration of state tax credit fraud and waived all future claims against the developer for its use of a now-lapsed tax credit program.
The settlement was entered in St. Louis Circuit Court following a status hearing Monday morning.
The lawsuit, filed in 2018 by then-Attorney General Josh Hawley, sought the repayment of $2.62 million in tax credits. The state claimed the credits were issued on property NorthSide later gave back to sellers. In all, the state sought damages worth nearly $7.1 million, according to NorthSide’s attorney.
In its settlement, NorthSide Regeneration agreed to pay the state $323,930.”
Missouri dismisses tax credit fraud lawsuit against McKee’s NorthSide Regeneration
The state sought damages worth $7.1 million over questionable transactions, settled for $323,000.