Ballpark Village Attempts Smarter Start to Development, Misses on Live! Event Space

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bpv_5_12
{yet another Ballpark Village plan – revealed 5/21/12}

The initial vision for the 10-acre Ballpark Village was hard to not like. The only missing detail was a dose of reality. In 2006 it was fashionable to dream big. The $850M Power and Light District was well underway in Kansas City and how couldn't St. Louis not envy it's smaller sibling across the state? And yet St. Louis had learned something, that backing bonds for retail development is risky business (see St. Louis Centre and Manchester Marketplace). So the City of St. Louis declined to guarantee bonds that would have likely jumpstarted the project. Then Stifel Nicolaus and Centene both passed on Ballpark Village.

Two years ago, the nextSTL headline read: "Who Cares if Ballpark Village is Built? Downtown St. Louis Has Better Development Opportunities Elsewhere." The newly revealed plan seems to validate this idea, that this site missed its fleeting chance at significant development, the kind that would re-center downtown St. Louis. That previous article mentioned the coming redelopment of the 21st interchange as a western terminus to the Gateway Mall and the new Mississippi River Bridge and Tucker Avenue reconfiguration as just two more attractive options.

For their part, the Cardinals and Cordish continue to call BPV a "$700 million mixed-use retail, entertainment, office and residential district", with what has been presented today a $100M first phase. Beyond the obvious, that BPV has been downscaled again, today's news has many positives. The near seven blocks was never going to be filled with 30-story towers. With the amount of surface parking and vacant land downtown, it's much more important to fill the gaps in development than to build tall. A downtown with two to three story infill would be an incredible positive development.

In the latest revision, a 30,000 square-foot Cardinals Hall-of-Fame Museum will finally replace the long closed previous incarnation. A Cardinals themed restaurant and seating deck with views into the stadium will break ground soon as well. The $100 million first phase of the project will include a total of 100,000 square feet of retail and entertainment along two blocks of Clark Street (blocks 200 & 300 in yellow on the site plan below).

bpv_site plan_blocks 200-300

There's more positive news in that the Cardinals and Cordish will finance the project and purchase all the $18M in public bonds needed to construct phase one. But the best news is that the project includes all streets, parking and other infrastructure for the entire site, making future development faster and more attractive. This may be the type of site preparation that could have jump started past development.

Now the bad. Despite the project no longer being on the scale of Power and Light, Cordish and the Cardinals continue to pursue the Live! brand of private, quasi civic space. The space is reported by the Post-Dispatch as being able to host 150 events per year in addition to Cardinals home game-days. DeWitt called it “a central living room for downtown”.

Nevermind that the vastly underused Gateway Mall sits one block north, you know, that space where a $40M privately funding sculpture park was recently built and where 10s of millions more may soon be spent on a revitalized Kiener Plaza, and where a renovated public library and a reopened opera house are supposed to help revitalize a new civic living room. Then you have the Arch grounds, Old Post Office Square, Washington Avenue, the MX development and several large corporate plazas. All of the above have been promoted as downtown's "living room". Want to know a simple secret to a vibrant downtown? Focused development. One living room. See: Cincinnati, OH.

bpv_aerial
{aerial view of the Ballpark Village development site, just north of Busch Stadium}

Ballpark Village isn't central to downtown St. Louis. In fact, for the vast majority of downtown visitors to get there, they would have to pass the block-long Kiener parking garages, a block of mostly dead Gateway Mall and then the superblock of the Hilton hotel. East and west of Ballpark Village? The east and west ballpark parking garages, nearly two city blocks apiece. And you can't get to the Arch via Clark Street. This is no one's living room.

The Cardinal's press release touts the organization's financial commitment. It even states that the $411M new Busch Stadium was "privately financed". That's not quite true as the city relinquished a ticket tax that could amount to $350M over 30 years and St. Louis County provided a $45M long term loan. The largest piece of the project was financed with $200M in bonds. The revised Ballpark Village project will recieve public money in the form of Tax Increment Financing as developers will keep a portion of sales tax generated at the site. Additional subsidies in the form of $25M in New Market Tax Credits could be awarded this year.

So in the end, St. Louis will see more restaurants and entertainment, another "living room", but no residential, hotel or office development. It's a start to a more than decade old promise and good, vibrant, lasting development is rarely, if ever completed seven blocks at a time. Let's hope that this is the start of something slightly more organic than previous visions. Included in the announcement was a claim that an anchor tenant will be announced soon. Now where have we heard that before?

This is how a December 2010 Post-Dispatch story described the history of the Ballpark Village dream:

An aquarium, a 20-story residential tower, a massive underground parking garage built in the hole left by the old Busch Stadium. Nearly a half-million square feet of top-notch office space. Streets lined with stores and restaurants unique to the region. A development that could exceed $600 million, creating hundreds of new jobs and the jolt sorely needed to revitalize downtown.
A 24-hour place to live, work and play.

That was how Ballpark Village was pitched when introduced to the region 10 years ago this month. Cardinals owners talked that the demand for office and residential space next to a new downtown ballpark was so great that the complex covering 10 acres could be built as early as 2006 to coincide with the opening of the new ballpark. But that deadline and scope of work quickly moved to July 2009, when the team said a first phase of the village would be open when the Cardinals hosted the All-Star Game.

Ballpark Village Project Summary 5-21-12, St. Louis, MO

Several iterations of Ballpark Village have come and gone:

Ballpark Village

Ballpark Village

Ballpark Village

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  • Guest

    The underwhelming continues! What downtown STL needs is office and residential. What is missing from this development? What STL doesn’t need is more entertainment. What does this development have? 

  • Zun1026

    Seriously underwhelming. Retail doesn’t thrive without residential uses in close proximity. Also, do we need more entertainment space downtown? There is a 16 street mall/park and the Arch grounds. This development is probably just going to shift businesses and end others.

  • http://www.gatewaystreets.org/ Herbie Markwort

    I seriously hope the press release has a typo and rendering is showing buildings in the 300/400 block and not the 200/300 block. Otherwise, fans in the seating decks above the Cardinals HOF will be treated to marvelous views not of the ball game, but of the Busch Stadium facade!

  • http://twitter.com/givememoores A. Moores

    “One living room. See: Cincinnati, OH.” 

    What “living room” is in Cincy?  I hope you’re not referring to “The banks” which is next to the Reds stadium on the site of the old Riverfront Stadium. That project is probably the only one in the country that makes ballpark village look like a success.

    • Alex Ihnen

      The vibrancy of downtown Cincinnati is focused on Fountain Square. And The Banks? First, nothing can really make a parking lot and softball field look like a success, but a story out today details just how much of a positive impact The Banks has had and is having:

      300 occupied apartments – median income of residents = $91K
      $91.6M in annual economic impact from residents, retail and ongoing construction

      http://news.cincinnati.com/article/20120522/BIZ/305220041/Study-Banks-having-92M-impact 

    • http://pulse.yahoo.com/_N2ZFIUCEBY7XWCT2AZQJEOJ7UQ Matthew

      The banks in cincinnati is a resounding success. It is exactly the sort of model st. louis should be pursuing for this block of land.

  • Rick

    There is a school of thought in the development/urban revitalization community that thinks the best route for downtown redevelopment is to create “festival spaces”.  These venues are intended to draw from a regional or multi-state audience, and not so much focus on a local or neighborhood driven demand/audience.  Downtown is the region’s festival space, and that is a good thing.  But it’s now also turning into a sustainable 24/7 neighborhood.  Going forward, we need to build on both of these growth opportunities to maximize our progress.