Officials predict $300M revenue bump for St. Louis stadium
JEFFERSON CITY (AP) - Economic development officials say building a new football stadium in St. Louis could bring nearly $300 million in net tax revenues to Missouri over the next 30 years.
A panel of House members Monday discussed the state's options to replace the 20-year-old taxpayer-funded dome currently in the city.
Rams owner Stan Kroenke is planning a new stadium in Los Angeles. St. Louis leaders worry that could mean the team leaves Missouri as early as 2016.
As head of the Missouri Department of Economic Development, Mike Downing says that without the Rams or another NFL team, Missouri could lose at least $10 million in yearly personal income taxes from players.
Tax revenues would be offset by $12 million in yearly bond payments for a new stadium.