Ballpark Village Take Another Step Forward

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DOWNTOWN, ST. LOUIS, MO. (KTVI) - A city agency today gave its okay to the Ballpark Village project next door to Busch Stadium.  But we've heard that before, which has many asking what's different this time?

What's different is that this is a scaled down project. No high rise hotels. No condo towers. No office buildings. This will be retail and entertainment venues covering only about one-sixth of the total area of the empty Ballpark Village lot next to the ballpark itself.

That lot has been an eyesore ever since the old Busch Stadium was torn down and the new one built.

Ballpark Village has gone through numerous versions. It's gone through the Centene Company promising to move in and then reneging. It's gone through a national economic collapse.  And this version, on ten acres with about 100-thousand square feet, is modest in comparison to other plans.  But the city's Downtown Economic Stimulus Authority voted Thursday to okay $17 million dollars in bonds to help with the project. And all of those bonds will be purchased by the Cordish Company Developers and the Cardinals themselves.

Next stop? The board of aldermen for a vote a week from Friday. After that, it needs state approval. If they okay it, work could start later this year.