St. Louis Board of Aldermen approves NFL stadium funding plan

St. Louis Rams
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ST. LOUIS, MO (KTVI)- The St. Louis Board of Aldermen has approved a financing package for a $1.1 billion NFL stadium to be built just north of downtown along the Mississippi River. The city of St. Louis would be responsible for $150 million on the project. Late Friday, the alderman voted 17 to 10 in favor of the funding plan.

Mayor Slay issued this statement:

“Today’s action by the Board of Aldermen completes the City’s part on this project. Its passage does not mean there will be a stadium. It does mean that the City of St. Louis will not be the reason why there isn’t one.”

This statement comes from Governor Jay Nixon:

“Today’s action by the St. Louis City Board of Aldermen is another step toward keeping the Rams in St. Louis, transforming the north riverfront with private investment, and creating jobs – without raising taxes on Missourians. I thank the Board for moving forward to meet the NFL’s December 30 deadline and help secure St. Louis’s position as a proud NFL city now and for years to come.”

That total financing package counts on an extra $100 million from the National Football League in exchange for ticket tax proceeds. According to our partners at the St. Louis Post-Dispatch, NFL Commissioner Roger Goodell sent a letter to the Stadium Task Force warning that the league has no current plans to provide that additional funding.

Diehard Rams fans braved a cold December night to tailgate before Thursday night’s game at the Dome versus the Tampa Bay Buccaneers, hoping it would not be the last NFL game in St. Louis.

There is a December 30th deadline for St. Louis to deliver its finalized riverfront stadium plan to the NFL. NFL owners meet in January to decide if up to two of the teams are allowed to relocate. The Rams, Raiders, and Chargers are considering a move to Los Angeles. Rams owner Stan Kroenke is part of a group planning to build $1.8 billion stadium in Inglewood, California.

The St. Louis Stadium Task Force hopes the brand new stadium will lure another team if the Rams relocate.


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