St. Louis stadium plan likely requires public approval

3 years 8 months 5 days ago Wednesday, January 14 2015 Jan 14, 2015 Wednesday, January 14, 2015 1:58:41 PM CST January 14, 2015 in News
By: The Associated Press

ST. LOUIS (AP) - A proposed open-air football stadium in St. Louis backers hope will convince Rams owner Stan Kroenke to keep the team from returning to Los Angeles will likely require voter approval of its public financing component.

The St. Louis Post-Dispatch reported that a St. Louis municipal ordinance and a St. Louis County charter amendment prohibit the use of taxpayer dollars on pro sports stadiums without the consent of voters.

A two-man team appointed by Governor Jay Nixon has recommended a 64,000-seat stadium along the Mississippi River downtown that would cost as much as $985 million. Up to $350 million could come from extending bond debt used to pay off the Edward Jones Dome, the Rams' current home.

Additional details about the financing plan have not yet been released.

 

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