[NOTE, 6/28/10: According to officials at the Department of Economic Development (DED), the DED did undertake a review of NorthSide Regeneration LLC's tax credit application, and fixed the discrepancies it found in the company's application before formal application submission. Show-Me Institute research found discrepancies in approximately 20 percent of the reported property values in the initial submitted application. The DED did not send some of the documentation surrounding the application process after a Show-Me Institute Sunshine Law request, because DED officials say it was part of the issuance process, rather than the review process. We are engaging in further research to verify these claims and will post more as we learn more. Stay tuned.]

Below are the discrepancies found in the Show-Me Institute’s review of NorthSide Regeneration LLC’s tax credit application. The links below, paired with each discrepant property, lead to individual pages of the cost spreadsheet submitted by NorthSide (DALA tax credit claim amount) and to the certificate of value on file at the city of Saint Louis Assessor’s office (certificate of value amount). For more information, please read our report on these discrepancies.

The tax credit claim amounts were obtained from the tax credit application filed by NorthSide Regeneration LLC, which was requested and received from the Missouri Department of Economic Development in early 2010. The certificates of value were obtained at the Saint Louis city assessor’s office.

Most of the properties listed appear to be overvalued in the tax credit application. Property addresses colored in orange appear to be undervalued in the tax credit application.

For properties that fall across two pages of the tax credit application, the address number that falls outside the page linked from the listed claim amount receives its own link.