ST. LOUIS, MO (KTVI)- A bill that would require a public vote before any city funds are used to help finance the proposed new NFL stadium was officially introduced at the Board of Aldermen meeting Friday. The bill received a first reading at City Hall then was referred to the Convention and Tourism Committee for further review.
The legislation is sponsored by 15th Ward Alderwoman Megan Green. It has five co-sponsors as well.
Green believes the public should have a say before the city commits an estimated $150 million to the new stadium. "There`s a lot of financial implications for our city in doling out this kind of money. And so the public deserves to be able to weigh in on that much like they would when we`re trying to pass general obligation bonds and other financing like that," said Green. The vote would happen in March of 2016.
Stadium supporters including Mayor Francis Slay say if passed the bill would kill the stadium project because the city can`t wait that long to get a funding package in place.
Green believes the earliest a final vote on the bill could happen in the Board of Aldermen in four weeks.