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No Tax Credit Means No Future NCAA Events In St. Louis

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ST. LOUIS, MO (KTVI)-- The NCAA Wrestling Championships are in St. Louis and the NCAA Basketball Regionals will be here next week. But these could be the last big NCAA events the city hosts unless the state of Missouri approves tax credits.

The Missouri legislature failed to pass these same tax credits last session. If they fail again, it seems unlikely St. Louis will be hosting any more NCAA Championships.

The tax credits would be used to help guarantee a minimum amount of revenue would be generated from each event. All five of the cities hosting the next five basketball final fours are in states where the government helped out. And both the NCAA and local organizers say without Missouri tax credits... St. Louis will be on the outside looking in.

Fox 2 spoke to one of the co-sponsors of the tax credit bill in Jefferson City. He says he expects it will be approved. But he also says the same rural legislators who killed the tax credits last session could kill it again. And if that happens we could be seeing the last tournaments in the gateway city.