What's interesting is that Puricelli doesn't even acknowledge Schock's most scathing remarks, which had appeared in the conclusion of his brief:
- Resort to admitted "sarcasm"
- Engage in name-calling, accusing Northside and its owners of "chutzpah" and "deception"
- Mock the City's approval of a Strategic Land Use Plan, stating that the process "bring[s] forth a chuckle"
- Characterize the Board of Aldermen as "stooges"
- Characterize the Missouri Legislature as "bums"
Churchill described Russia as "a riddle, wrapped in a mystery, inside an enigma."Oh golly. We'll see if the judges take kindly to that kind of grandstanding...
It is reasonable to ask why Northside would make this "mysterious" proposal. After all, it is reasonable to assume the officials of Northside, particularly including Mr. McKee, are shrewd and sophisticated businessmen. They knew when they submitted their TIF application that it called for 6000 homes at $451,000 per unit. They knew it called for roughly eighty or a hundred thousand additional high paid professionals to move into the City of St. Louis. They knew it called for a ridiculously high growth rate of 20%. They knew it included a novel and, frankly, contrived accounting term "return on costs." They knew it contained a financing commitment that was no commitment at all.
Why would they submit such documents?
Their Amended Initial Brief has an earnest, almost Norman Rockwellesque tone. For example, at p. 14: "The Redevelopment Ordinance contemplates the reformation of 1500 acres in North St. Louis into a mixed use community that will include state of the art infrastructure, new schools, parks, residences, office buildings, theatres, shops and other uses."
Why would do they make such statements?
One is reminded of the old Wall Street joke. How does one know a Wall Street Investment Banker is lying? Because his lips are moving.
One is inclined to think that when a shrewd businessman submits a proposal which any shrewd businessman would know has no basis in reality, that then regardless of protestations to the contrary there is something going on other than what is explicitly stated. But perhaps it is not a riddle, wrapped in a mystery, inside an enigma. Perhaps the explanation comes from an obvious inference that some of these incentives, whether the tax credits or some aspect(s) of the TIF, would be heading to Northside's pockets whether the project succeeded or not.
But for the efforts of Respondents' team, they would have gotten away with it.
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