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

5 years 4 days 22 hours 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
COLUMBIA - The discussion on community policing continues to ripple through Columbia after a citywide meeting Saturday. The City... More >>
1 hour ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 3:31:00 PM CDT June 23, 2018 in News
KANSAS CITY, Mo. (AP) — Kansas City police are investigating the shooting death of a man near a house in... More >>
1 hour ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 3:12:00 PM CDT June 23, 2018 in News
(CNN) -- White House press secretary Sarah Sanders said she was kicked out of a Virginia restaurant by its owner... More >>
1 hour ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 2:47:00 PM CDT June 23, 2018 in News
COLUMBIA (AP) — The wife of a former University of Missouri football coach is helping her husband remember the details... More >>
2 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 2:18:00 PM CDT June 23, 2018 in News
COLUMBIA – Reaching all generations was the goal of one Columbia woman on Saturday. Cheryl Miller is the president... More >>
3 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 1:03:00 PM CDT June 23, 2018 in News
CAMDEN COUNTY - Two teenage boys suffered serious injuries in an ATV accident Friday night, according to the Missouri State... More >>
7 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 9:34:00 AM CDT June 23, 2018 in News
ST. LOUIS (AP) — A national gathering in St. Louis in September will focus on election security. Missouri... More >>
8 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 7:54:00 AM CDT June 23, 2018 in News
FULTON - The city of Fulton kicked off their annual Street Festival in style Friday with live music, a carnival,... More >>
14 hours ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 2:23:00 AM CDT June 23, 2018 in News
KANSAS CITY, Kan. (AP) — A 30-year-old inmate was charged Friday with capital murder in the shooting deaths of... More >>
20 hours ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 8:41:21 PM CDT June 22, 2018 in News
BOONVILLE - People will see a few more cars drive through town this weekend, as the city celebrates its annual... More >>
23 hours ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 5:41:00 PM CDT June 22, 2018 in News
BOONVILLE – Police said a technician at a local gas station found an internal skimmer device inside a gas pump... More >>
23 hours ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 4:49:00 PM CDT June 22, 2018 in News
CALLAWAY COUNTY - A Fulton man could face more than 200 years in prison after being found guilty of 12... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 4:01:00 PM CDT June 22, 2018 in News
JEFFERSON CITY – The U.S. House passed the 2018 farm bill, formally known as the Agriculture and Nutrition Act of... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 3:49:00 PM CDT June 22, 2018 in News
FULTON - Despite rainfall these past two days, statistics show most of Missouri is dryer than usual. Data released... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 3:37:00 PM CDT June 22, 2018 in News
HUNTSVILLE – The sentencing phase of the trial for a convicted murderer began Friday. Jeffrey Nichols was convicted Thursday... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 3:15:00 PM CDT June 22, 2018 in News
COLUMBIA - Graduate students at the University of Missouri celebrated Thursday after they were officially considered employees, but the celebration... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 2:32:00 PM CDT June 22, 2018 in News
COLUMBIA - MU has faced big challenges in recent years - from changes in administration to loss of state funding... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 1:43:00 PM CDT June 22, 2018 in News
KANSAS CITY - The Kansas City Police Department has canceled an Amber Alert for Brajean Sledge, a missing 15-year-old girl... More >>
1 day ago Friday, June 22 2018 Jun 22, 2018 Friday, June 22, 2018 10:29:00 AM CDT June 22, 2018 in News
Columbia, MO
Broken Clouds 81°
5pm 80°
6pm 80°
7pm 79°
8pm 78°