Bills offer look at St. Louis' stake in new stadium

1 year 5 months 3 days ago October 24, 2015 Oct 24, 2015 Saturday, October 24 2015 Saturday, October 24, 2015 4:15:00 AM CDT in News
By: The Associated Press

ST. LOUIS (AP) — Draft measures by St. Louis' governing board offer a glimpse of the city's financing stake in a new riverfront football stadium.

The Post-Dispatch reports St. Louis Board of Alderman bills it has obtained show the city will pay $6 million a year toward the project. That's in addition to an undetermined portion of game-day taxes that'll be rebated back to the team.

The yearly $6 million is the same amount that's covering debt payments on the current Edward Jones Dome, and it'll cover roughly $70 million of the $150 million that Mayor Francis Slay's office has committed to the billion-dollar project.

It's unclear if St. Louis will have an NFL team when the stadium is finished. Rams owner Stan Kroenke is seeking to move to Los Angeles.

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