Plans for new St. Louis football stadium by river unveiled
ST. LOUIS (AP) - Plans have been unveiled for a new open-air football stadium in St. Louis along the Mississippi River as the city ups its bid to either keep the Rams or lure a new NFL team.
The plan announced Friday said the stadium would cost at least $860 million. Private sources and seat licensing fees would pay for more than half, while other funding would come from tax credits and other public financing.
There'd be no new tax burden for the 64,000-seat stadium, to be built over four years. The preliminary seating distribution is:
- 54,020 general seats
- 2,000 suite seats (includes private suites and on-field seating)
- 480 loge box seats (eight seats each in 60 boxes)
- 7,500 club seats
The plan was developed by a two-man team appointed by Missouri's governor.
"The North Riverfront is the next frontier for development of downtown St. Louis," Task force co-leader Dave Peacock said. "A new NFL stadium on the North Riverfront will extend and benefit many of our current successes like CityArchRiver, our ongoing growth on Washington Avenue, Ballpark Village, St. Louis Union Station Hotel and other downtown projects. Conversely, the entire metropolitan area will benefit as a business and tourism destination, and we will create new and sustainable jobs while delivering a significant economic boost for our region."
He said there will be increased economic benefits when the stadium, and attached Edward Jones Dome, become available for events and conventions next fall.
Concerns grew this week about the Rams' future in St. Louis when it was announced owner Stan Kroenke is part of a venture building a stadium in Los Angeles.
The target date for completion of a new stadium is some time in 2020.