ST. LOUIS (KPLR) – There was big news on the St. Louis stadium proposal, Tuesday.
The St. Louis Board of Aldermen is planning a massive public forum on whether to build a stadium to keep the Rams in St. Louis.
Stadium task force members will meet with NFL owners in New York, November 11, at a joint meeting of the NFL’s Stadium and Finance committees. They’ll have more than a splashy new animation of the proposed new riverfront home of the Rams, but they still won’t have any firm commitment from the Board.
The first St. Louis Board of Aldermen committee hearing on the stadium proposal is set for Thursday, November 12, 9:00 am.
A city-wide public forum could come as quickly as November 14th. Details are still being finalized.
“It’s far from a slam dunk,” said Alderman Joe Vaccaro of a stadium bill now before the Board.
Vaccaro is Vice-Chair of the aldermanic Ways and Means Committee, now considering a stadium bill to transform the blighted riverfront north of Downtown St. Louis. The plan calls for the city to re-work Edward Jones Dome bonds and rebate nearly 2/3’s of future game day tax revenues generated by the new stadium for close to 30 years. The total cost to the city would still be less than 10% of the cost of the billion dollar project.
“We know that on the stadium the immediate impact is going to be very good. You’re talking a billion dollars, over, in investments. You’re talking a little over 3,000 temporary jobs. Beyond that, what will the fiscal impact be? We’re going to find out. Through committee we’re going to ask all the questions so when it’s all said and done we’re going to have answers,” Vaccaro said.
Committee Chairman, Ald. Steve Conway told FOX 2 the committee hearing will be Thursday, November 12th, with a hearing for public input as early as Saturday, November 14TH, somewhere outside of City Hall, to handle the large crowd expected. The 8 member Ways & Means Committee must forward the bill to full Board of Aldermen or else the plan is likely dead.
“I think this (a final full board vote) will happen in the next 3-4 weeks, tops,” Vaccaro said.
If there's a tie vote in committee, 4 to 4, the issue fails.
Board President Lewis Reed could still step in a break the tie to send it to the full board.