The next step in building a St. Louis MLS Stadium has been accomplished as a circuit judge ordered the addition of the Stadium funding, along with the MetroLink expansion tax, added to the April 4 ballot. From the Post-Dispatch
Soccer stadium supporters need both measures to be approved by city voters, because the MetroLink sales tax increase would trigger a corresponding increase in the city’s business use tax on out-of-state purchases. The new revenue from that increase would fund most of the city’s $60 million commitment to stadium funding.
St. Louis Public Radio – Judge paves way for STL Soccer Stadium
St. Louis Business Journal – Judge Orders Soccer Stadium
KC Star – Sporting KC President In Favor of MLS in St. Louis
OWNERSHIP GROUP STATEMENTS
The final MLS Stadium financing bill was passed today by the St. Louis City Board of Aldermen. It follows a judge’s ruling on Thursday to put a measure on the April ballot that will permit city voters to determine whether to dedicate funds to help finance construction of a 20,00-seat, multi-use stadium in downtown St. Louis that would be home to an MLS expansion team. The SC STL ownership group is committing $255 million in private investment to build the stadium as well as fund the expansion fee and all start-up costs, with all cost overruns being the sole responsibility of SC STL. All stadium maintenance and operations will be paid by SC STL and a St. Louis MLS expansion team will sign a 30-year lease. More information is available at http://www.saintlouisfc.com/mls/Project_Overview
JIM KAVANAUGH, Vice Chair, SC STL Ownership Group to Bring Major League Soccer to St. Louis, following judge’s ruling today to place measure on April ballot
“We thank Judge Mullen for his ruling this afternoon that city voters will have the opportunity in April to approve the ballot measure and make it possible for a Major League Soccer expansion team to play in a new multi-purpose stadium in Downtown St. Louis. This ruling comes after a tough but productive negotiation with the Board of Aldermen, and we also thank them for their time, effort and support. If the vote passes in April, we project more than 400-plus construction jobs, 450 permanent jobs, $17 million in net tax revenue and the development of 24 acres of unused land in downtown. Now is the time for our ownership group and everyone who believes in this project to come together and work toward making it happen in April.”
PAUL EDGERLEY, Chairman of SC STL
This is fantastic news for St. Louis. The Board of Aldermen worked overtime these past few weeks as well as today to reach a deal that is excellent for the City as well as for our bid. We appreciate their diligence and vision, and now St. Louis needs only a ‘yes’ vote in April to see the stadium and Major League Soccer both become reality.
STATEMENT, DAVE PEACOCK, Executive Committee Member, SC STL; Chairman, St. Louis Sports Commission
Board of Aldermen President Lewis Reed, committee chair Stephen Conway and our bill sponsors, Christine Ingrassia and Jack Coatar, have been excellent stewards for the City of St. Louis throughout this entire process. The official passage of the financing bill today represents a successful end to a long but productive road for everyone. Now we begin a new journey to Election Day and the many benefits – jobs, economic impact, quality of life and more – that will result from a downtown stadium and Major League Soccer club that calls St. Louis home.