ST. LOUIS, MO (KTVI)- An ownership group has proposed building a Major League Soccer stadium in downtown St. Louis, west of Union Station. The current Highway 40 exit ramps there would need to be moved. The city bought the property from MoDOT two months ago.
The new stadium would seat around 20,000 people, with the possibility to expand. The price tag would be around $200 million.
St. Louis city plans to have a stadium measure on the ballot in April. Voters may be asked to pay around $80 million of the project.
The new ownership group, SCSTL, is full of local minority partners and headed up by Paul Edgerley, the former top executive at Bain Capital. He's also part owner of the Boston Celtics. The Kansas City native attended Kansas State and Harvard University.
If everything works out, the team could start playing in 2021.
Another member of the ownership group World Wide Technology CEO Jim Kavanugh tweeted, "t's early in the process, but we're excited about our chances to bring MLS to St. Louis."