(ST. LOUIS, AP) — The proposed riverfront football stadium in St. Louis already has cost taxpayers $3 million, according to a newspaper report Tuesday.
The St. Louis Post-Dispatch (http://bit.ly/1HXYj92) reported that that figure is based on the latest invoices released this week from financing advisers, railroad track engineers, contract attorneys and management.
Architectural firm HOK so far has billed more than $2.2 million, while the stadium’s design and construction manager has put in for more than $190,000 and attorneys nearly $260,000.
The public St. Louis Regional Convention and Sports Complex Authority — owner and operator of the Edward Jones Dome, the Rams’ current home — is paying nearly all the bills, with the state picking up the tab on some financial advice, the Post-Dispatch said.
Top executives with the authority have said any spending now may affect that entity’s ability to pay off bonds for the Edward Jones Dome.
“At some point, we’re going to have to get some of this money back from the state,” Jim Shrewsbury, the authority’s board chairman, told the newspaper. He cautioned that the board has been thoughtful in its spending, calling the expenses necessary to keep the NFL in St. Louis.
The Rams are year-to-year on their lease for the Edward Jones Dome and could leave as early as 2016, meaning the upcoming NFL season could be their last in St. Louis. Owners are to hold a special meeting Aug. 11 in Chicago about a potential relocation of a team or teams to Los Angeles.
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Information from: St. Louis Post-Dispatch, http://www.stltoday.com
Architectural firm HOK so far has billed more than $2.2 million, while the stadium’s design and construction manager has put in for more than $190,000 and attorneys nearly $260,000.
The public St. Louis Regional Convention and Sports Complex Authority — owner and operator of the Edward Jones Dome, the Rams’ current home — is paying nearly all the bills, with the state picking up the tab on some financial advice, the Post-Dispatch said.
Top executives with the authority have said any spending now may affect that entity’s ability to pay off bonds for the Edward Jones Dome.
“At some point, we’re going to have to get some of this money back from the state,” Jim Shrewsbury, the authority’s board chairman, told the newspaper. He cautioned that the board has been thoughtful in its spending, calling the expenses necessary to keep the NFL in St. Louis.
The Rams are year-to-year on their lease for the Edward Jones Dome and could leave as early as 2016, meaning the upcoming NFL season could be their last in St. Louis. Owners are to hold a special meeting Aug. 11 in Chicago about a potential relocation of a team or teams to Los Angeles.
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Information from: St. Louis Post-Dispatch, http://www.stltoday.com
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