Revised Stadium Financing Plan Sent to St. Louis Board of Aldermen

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This week, the City of St. Louis Board of Aldermen will consider a revised bill to provide funding for a new riverfront football stadium. The National Football League owners are set to likely decide in January which team(s) will move to Los Angeles. The league and some owners have stated that St. Louis must have public funding, it’s share of the proposed $1B stadium in place before the January vote. Currently, public funds from the city and state would total near $400M, with $200 from the NFL, $250M from a team owner, and $160M from the sale of personal seat licenses.

[click here for nextSTL coverage of the St. Louis stadium effort]

St. Louis National Football League Stadium – DRAFT BILL by nextSTL.com

St. Louis National Football League Stadium – DRAFT BILL with edits by nextSTL.com

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  • Bernard Finucane

    It’s insane for a city in financial difficulties to act as a banker for a private company

  • illusion87

    Build this stadium and save downtown STL!

  • John R

    To clarify, this is not a revised board bill; it is the revised financing agreement accompanying the bb. (not sure if the bb needs to revise wording or not b/c of the FA changes.)

    Also, I find it part amusing/part negligent that task force revenue projections apparently are based on an average attendance of 61,000 people for 10 games.

    https://missouribusiness.files.wordpress.com/2015/10/meric-stadium-study.pdf
    (See assumptions)

    That is beyond optimistic.

    • kjohnson04

      Agreed. Those projections wouldn’t be so fanciful if the Rams were a winning franchise. They are not.
      So far, we appear to rewarding mediocrity. But that seems to be what St. Louis strives for these days. Mediocrity.