It wasn’t long ago when their stadium was among the most modern in NFL. But now retaining the franchise requires planning of a brand new stadium. Here’s the governor’s response to Stan Kroenke.
This stadium proposal was drawn in response to deadlock over optimum renovation scheme for Edward Jones Dome. A brand new NFL-specific stadium would be placed roughly 500 meters away from the dome, along a revitalized part of Mississippi riverfront.
The proposal was announced by attorney Robert Blitz and former Anheuser-Busch president David Peacock, the two-man team appointed by Missouri Gov. Jay Nixon in November to develop the plan.
Capacity is expected to reach 64,000 in a traditional three-tier layout. Around half of that capacity would be available for smaller events, like football/soccer games. Altogether the stadium would offer some 9,500 business seats in open suites and in the stands, along with some 480 seats in 60 skyboxes. 10,439 parking spaces would fit around the stadium.
Financing is to come from public resources (one half) and from sale of corporate seats and individual seat licenses (other half). Entire budget of the project should be within the range of $ 860-985 million.
Peacock said some funding would come from tax credits and other public financing, including extending current bonds used to pay off the Edward Jones Dome, the Rams' current home. But, there would be no new tax burden. Up to about half the money would come from the NFL and the team, the proposal states. Seat licensing fees would also help pay for the project.
It’s not clear whether St. Louis Rams would be the team playing host here as the franchise owner Stan Kroenke is considering a move to Los Angeles. According to local authorities, this NFL stadium will get built with or without Rams.