St. Louis CVC Pays $2M to Rams for Legal Fees

5 years 3 months 1 day ago Tuesday, June 18 2013 Jun 18, 2013 Tuesday, June 18, 2013 12:49:04 PM CDT June 18, 2013 in Football
By: Associated Press

ST. LOUIS (AP) - The St. Louis Convention and Visitors Commission said Tuesday it has paid $2 million to the St. Louis Rams to cover the team's legal fees for the dispute over upgrades to the Edward Jones Dome that resulted in arbitration.

CVC spokeswoman Donna Andrews said payment was made May 20. Rams spokesman Artis Twyman confirmed the team was paid.

The CVC operates the dome that the Rams have played in since 1995, the year they moved to St. Louis from Anaheim, Calif. The dome was built with taxpayer funds to lure an NFL team.

The 30-year lease agreement allows the Rams to leave after the 2014 season if the dome is not deemed to be among the top quarter of the NFL's 31 stadiums. The two sides were far apart on how to get to that top-tier level, prompting arbitration.

In February, the panel of arbitrators sided with the Rams' far more expensive upgrade plan and ordered the CVC to pay the Rams' legal fees.

The CVC had proposed $124 million in renovations that included better amenities and a huge new scoreboard. The Rams didn't put a price tag on their plan but CVC and city officials believe it would cost $700 million to $800 million. The team's plan included installation of a new roof with a sliding panel, replacing much of the brick exterior with a glass front and re-routing a nearby street.

Unless the CVC implements the plan, the Rams' lease becomes year-to-year starting in March 2015. That creates the possibility that the Rams could leave St. Louis. City leaders have said it is unlikely the Rams' plan would be implemented.

Rams management has said the team wants to stay, and NFL Commissioner Roger Goodell said earlier this year he was hopeful the stadium situation would be resolved. Some in St. Louis believe the answer is a new stadium, but it wasn't clear if the Rams were looking into that possibility. Twyman declined comment beyond confirming the $2 million payment.

The dome cost more than $300 million when it was built, but repayment for the 30-year bonds will total $720 million in taxpayer money. The state of Missouri pays $12 million annually toward that debt; the city and St. Louis County pay $6 million each.

The St. Louis Business Journal reported that with the payment to the Rams the CVC now projects a $2.5 million operating loss for fiscal 2013. Andrews declined to give specifics of the budget but said the revision "reduced the fund balance" by $2 million to account for the payment to the Rams.

The CVC is funded by a 3.75 percent tax on hotel rooms in St. Louis city and county. It also receives dues from about 700 businesses in the region's hospitality industry.

More News

Grid
List
JEFFERSON CITY (AP) — The search for Missouri's next top education official has begun. The State Board of Education... More >>
15 minutes ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 11:24:10 AM CDT September 19, 2018 in News
FULTON - UPDATE: Police have found the two boys who escaped from the Division of Youth Services. Police said... More >>
1 hour ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 10:38:00 AM CDT September 19, 2018 in Top Stories
HOWARD COUNTY - Two people are dead and two others injured after a crash on Highway 87 Tuesday afternoon. ... More >>
1 hour ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 9:51:00 AM CDT September 19, 2018 in News
COOPER COUNTY - Anthony Martin died in a crash in Cooper County on Sunday after losing control of his motorcycle.... More >>
4 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 6:57:00 AM CDT September 19, 2018 in News
CAMDEN COUNTY - A Columbia woman was taken to the Lake Regional Hospital on Sunday after a crash involving a... More >>
5 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 6:39:00 AM CDT September 19, 2018 in News
COLUMBIA - Bird scooters will be discussed at the Bicycle and Pedestrian Commission meeting Wednesday night at 7 p.m. ... More >>
8 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 3:15:00 AM CDT September 19, 2018 in Top Stories
COLUMBIA -- The mayor of Columbia's task force on Climate Action and Adaptation planning could recommend an increase in renewable... More >>
9 hours ago Wednesday, September 19 2018 Sep 19, 2018 Wednesday, September 19, 2018 2:24:00 AM CDT September 19, 2018 in News
CALLAWAY COUNTY - Jeff Jones is living just a quarter of a mile away from a future Controlled Animal Feeding... More >>
15 hours ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 8:26:00 PM CDT September 18, 2018 in Top Stories
COLUMBIA - Assistant City Counselor Jose Caldera announced the city and Bird are talking about short-term rules regulating the rental... More >>
16 hours ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 7:25:00 PM CDT September 18, 2018 in News
COLUMBIA - Missouri Task Force One continues rescuing people, checking on others and sheltering those in need in the wake... More >>
16 hours ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 6:48:00 PM CDT September 18, 2018 in News
COLUMBIA - After volunteering at a detention center for women and children seeking asylum in the U.S., one Jefferson City... More >>
18 hours ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 5:20:00 PM CDT September 18, 2018 in News
COLUMBIA - A teenager pleaded guilty Monday in connection with a deadly 2016 shooting on Claudell Lane. Navarro Scott,... More >>
20 hours ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 3:35:11 PM CDT September 18, 2018 in News
SUNRISE BEACH - Fire Chief Dennis Reilly announced his resignation due to harassment from a board member. Reilly said... More >>
20 hours ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 3:23:00 PM CDT September 18, 2018 in News
COLUMBIA - City employees are getting a raise in this year's budget, but some say it's not enough for line... More >>
20 hours ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 3:13:00 PM CDT September 18, 2018 in News
COLUMBIA - A lawn care app launched in Columbia to connect consumers with people who want to make extra money... More >>
21 hours ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 2:16:00 PM CDT September 18, 2018 in News
JEFFERSON CITY - The Jefferson City Police Department is set to receive nine brand new police vehicles in the next... More >>
21 hours ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 1:56:00 PM CDT September 18, 2018 in News
MACON - Deputies are investigating after a member of the Missouri National Guard was shot at a training site near... More >>
21 hours ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 1:40:00 PM CDT September 18, 2018 in News
(CNN Money) -- Facebook's ad targeting system is being used by some employers to unlawfully discriminate based on gender, a... More >>
1 day ago Tuesday, September 18 2018 Sep 18, 2018 Tuesday, September 18, 2018 11:06:05 AM CDT September 18, 2018 in News
Columbia, MO
Broken Clouds 85°
12pm 87°
1pm 89°
2pm 90°
3pm 90°