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

6 years 8 months 1 week 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- State lawmakers are considering multiple bills that would legalize sports betting bills in the State of Missouri. ... More >>
1 hour ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 8:10:00 PM CST February 26, 2020 in News
JEFFERSON CITY - This week state lawmakers are focusing and fighting on bills about the inclusion of the LGTBQ community.... More >>
1 hour ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 7:53:00 PM CST February 26, 2020 in News
ROCHEPORT - Missouri State Highway Patrol responded to a crash Wednesday morning on the Missouri River Bridge near Rocheport. ... More >>
3 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 6:34:00 PM CST February 26, 2020 in News
MOKANE - Mid-Missourians living near the Missouri River are preparing for another summer of floods. "I hear it's going... More >>
3 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 6:10:00 PM CST February 26, 2020 in News
COLUMBIA- The city of Columbia and Boone County are partnering up to get everyone counted in the 2020 US Census.... More >>
5 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 4:24:00 PM CST February 26, 2020 in News
COLUMBIA - A Boonville woman died after a two car crash on the Missouri River bridge Wednesday morning. Icy... More >>
5 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 3:36:00 PM CST February 26, 2020 in News
COLUMBIA - The new location will allow the Boys & Girls Club of Columbia to serve 50 more children at... More >>
6 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 3:16:00 PM CST February 26, 2020 in News
WASHINGTON, D.C (AP) - President Donald Trump is pushing back against criticism that his administration isn't doing enough to meet... More >>
6 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 3:07:00 PM CST February 26, 2020 in News
JEFFERSON CITY (CNN) - Missouri deer hunters donated nearly 350,000 pounds of venison to food banks and pantries across the... More >>
7 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 2:02:33 PM CST February 26, 2020 in News
COLUMBIA - A Columbia woman was arrested for drug possession after being struck on Highway 40 Tuesday night. Joanna... More >>
7 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 1:43:01 PM CST February 26, 2020 in News
JEFFERSON CITY - Missouri Gov. Mike Parson, a Republican who took over the state’s top post... More >>
8 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 1:11:00 PM CST February 26, 2020 in News
COLUMBIA - As the coronavirus spreads to different parts of the world, one MU student is seeing the changes in... More >>
9 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 11:55:00 AM CST February 26, 2020 in News
COLUMBIA - The family of Mengqi Ji, who has been missing since October and is presumed dead, released a statement... More >>
10 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 11:12:23 AM CST February 26, 2020 in News
COLUMBIA - Emergency responders have reported numerous crashes, slide-offs and other incidents related to slick roads Wednesday morning. One... More >>
13 hours ago Wednesday, February 26 2020 Feb 26, 2020 Wednesday, February 26, 2020 7:50:00 AM CST February 26, 2020 in News
CHARLESTON, S.C. — Bernie Sanders faced a torrent of attacks Tuesday night during a raucous debate that tested the Democratic... More >>
1 day ago Tuesday, February 25 2020 Feb 25, 2020 Tuesday, February 25, 2020 8:20:00 PM CST February 25, 2020 in News
JEFFERSON CITY - One group of former service men and women is making a difference across the state providing help... More >>
1 day ago Tuesday, February 25 2020 Feb 25, 2020 Tuesday, February 25, 2020 8:10:00 PM CST February 25, 2020 in A Brighter Tomorrow
JEFFERSON CITY - New technology installed by Ameren could provide more responsive service if severe weather comes to Jefferson City.... More >>
1 day ago Tuesday, February 25 2020 Feb 25, 2020 Tuesday, February 25, 2020 6:45:00 PM CST February 25, 2020 in News
COLUMBIA - Columbia neighborhood watch is still relevant despite social media and sites like Nextdoor. Neighborhood watch programs encourage... More >>
1 day ago Tuesday, February 25 2020 Feb 25, 2020 Tuesday, February 25, 2020 5:51:00 PM CST February 25, 2020 in News
Columbia, MO
Broken Clouds 30°
10pm 30°
11pm 29°
12am 27°
1am 26°