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

4 years 10 months 3 days 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 - Friday was the anniversary of the Columbine shooting, and on Saturday, members of the Jefferson City community... More >>
1 hour ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 10:03:00 PM CDT April 21, 2018 in News
COLUMBIA - U.S. Rep. Vicky Hartzler, R- Harrisonville announced the winner of her annual congressional art competition Saturday afternoon. ... More >>
7 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 4:29:00 PM CDT April 21, 2018 in News
COLUMBIA - Community members took laps around the MizzouRec Saturday to raise money for Relay For Life of Mizzou’s main event,... More >>
8 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 3:14:00 PM CDT April 21, 2018 in News
LAKE OZARK - For the past five years, Osage Heritage Elementary has hosted a Color Run to raise funds for... More >>
10 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 1:29:00 PM CDT April 21, 2018 in News
CLAYTON (AP) — A former St. Louis-area teacher will be on five years of probation for having sex with a... More >>
15 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 8:43:59 AM CDT April 21, 2018 in News
UNIVERSITY CITY (AP) — A former St. Louis-area day care teaching assistant has been found guilty of molesting a 5-year-old... More >>
15 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 8:40:09 AM CDT April 21, 2018 in News
JEFFERSON CITY -- Firefighters responded to a structure fire in the 100 block of E. Ashley St. at 11:08 p.m.... More >>
17 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 6:27:00 AM CDT April 21, 2018 in News
JEFFERSON CITY (AP) — Missouri legislators approved numerous changes Thursday to local elections, including allowing voters to request absentee ballots... More >>
18 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 5:27:13 AM CDT April 21, 2018 in News
MILLER COUNTY - Casey Shoemate, a 26-year-old Miller County sheriff's deputy, died Friday night after colliding head-on with another vehicle... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 10:05:00 PM CDT April 20, 2018 in News
COLUMBIA- Retailer Sears will close its Columbia Mall store this summer because the location has become unprofitable. Sears Director... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 8:46:00 PM CDT April 20, 2018 in News
COLUMBIA- A local non-profit organization, Columbia Access Television, hosted a 24-hour film contest that started Friday at 5:30 pm. ... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 7:13:00 PM CDT April 20, 2018 in News
LAKE OZARK - Community members are coming together to help a family who lost their children in a fire get... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 7:10:00 PM CDT April 20, 2018 in News
COLUMBIA – As more and more fraternities face misconduct charges across the nation, the Greek community of MU is looking... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 6:13:00 PM CDT April 20, 2018 in News
ST. LOUIS - Gov. Eric Greitens is remaining defiant in the face of a new felony charge. On... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 5:45:00 PM CDT April 20, 2018 in News
COLUMBIA - Children filled school gymnasiums across Columbia for the second day of the Unbound Book Festival. The festival showcases... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:42:00 PM CDT April 20, 2018 in News
COLUMBIA - April 20 marks the day of the Columbine school shooting, which claimed 13 lives. The Columbia Missouri... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:26:00 PM CDT April 20, 2018 in News
COLUMBIA - A potential fire station project on an annexed lot in southwest Columbia could lead to quicker response times... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:21:00 PM CDT April 20, 2018 in News
JEFFERSON CITY - After the deadly fire in Lake Ozark, officials from the Division of Fire Safety are working to... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:01:00 PM CDT April 20, 2018 in News
Columbia, MO
Broken Clouds 59°
12am 57°
1am 56°
2am 55°
3am 53°