By Matt Sepic, KWMU
http://stream.publicbroadcasting.net/production/mp3/kwmu/local-kwmu-591537.mp3
St. Louis, MO – Missouri's historic tax credit program has done wonders for the city of St. Louis. It allowed big developers to turn old downtown warehouses into lofts. It's also helped individual rehabbers fix up houses that have seen better days.
But a new tax credit plan that Missouri lawmakers sent to Governor Matt Blunt this spring gives developers major incentives to buy up large tracts of city land.
Someone is already doing that on the near north side, and many people there are worried about the future of their homes.
KWMU's Matt Sepic reports.