ST. LOUIS, MO (KTVI) - The St. Louis Convention and Visitors Commission have rejected the Rams counterproposal to its original plan for dome upgrades. Mayor Francis Slay`s Chief of Staff Jeff Rainford told Fox 2/News 11 earlier that the Rams counterproposal was simply too expensive.
Rams officials submitted the team`s proposal after rejecting the CVC's original plan for dome upgrades.
The Rams plan basically amounted to a major gut rehab of the dome with a projected price tag of around $700 million.
The original CVC proposal had a cost of $124 million.
Now that the CVC has rejected the Rams proposal made public on May 14th, the two sides negotiate for two weeks. If nothing is reached during that period, then the issue goes into arbitration before a three person panel for the rest of year.
The CVC issued a statement reading in part, 'The St. Louis CVC expressed to the St. Louis Rams that it believes that it is in the best interest of the community and the Rams to engage in meaningful dialogue over the next two weeks, and looks forward to the opportunity to do so at the earliest convenience of Rams management.
Authorities say the Rams would be bound by any arbitration decision. But the CVC would have the ability to accept or reject an arbitration plan.
The Rams had no commented on the CVC`s decision yet because their Chief Operating Officer Kevin Demoff is out of town.
Under the Rams lease, if the dome isn`t among the top eight NFL stadiums by the end of the 2014 season, then the Rams can leave St. Louis.
The bottom line: the clock is ticking on this whole dome upgrade debate.
Pics: St. Louis Rams Proposal for Edward Jones Dome