New Ballpark Village Plan

1 decade 2 years 2 months ago Tuesday, July 17 2007 Jul 17, 2007 Tuesday, July 17, 2007 12:15:30 PM CDT July 17, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY (AP) - A state finance board is expected to vote next month on whether to provide aid for retail and entertainment develpment next to the St. Louis Cardinals ballpark. St. Louis officials presented their plan today to the Missouri Development Finance Board. The first phase of the Ballpark Village project would cost $280 million. A little less than $100 million of that would come from public aid. A plan recommended today by the Department of Economic Development would put the state's share at nearly $27 million. All those figures are based on the net present value of the money. Over 25 years, the state actually expects to provide nearly $71 million in aid.

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