Dave Peacock, one of two men appointed by Gov. Jay Nixon to lead an effort to keep the Rams in St. Louis, unveiled a plan today for a new football stadium along the St. Louis riverfront.
The 64,000-seat, open-air stadium, which would sit north of the Lumière Place Hotel & Casino along the Mississippi River, would be accompanied by 10,000 parking spots and green space. The project would cost $860 million to $985 million.
An estimated $400 million to $450 million of that would come from the Rams and the National Football League. Another $460 million to $535 million would come from public sources, including brownfield tax credits, the extension of current bonds, and seat licenses.
In November, Nixon asked Peacock, a former Anheuser-Busch executive, and Bob Blitz, a St. Louis attorney, to lead an effort to keep the Rams in town. The governor did not attend today’s presentation, but he said in a news release that the stadium plan “would impose no new tax burden on Missourians.”
On Monday, Rams owner Stan Kroenke announced plans to build an 80,000-seat stadium on land he owns in Southern California. That announcement, the strongest signal yet of a possible Rams departure from St. Louis, follows years of back and forth between city and team over the Rams’ current home, the Edward Jones Dome.
Two years ago, an arbitration panel ruled in favor of the team’s request for up to $700 million worth of upgrades to the dome. Dome authorities declined to make the upgrades, which allowed the Rams to go year-to-year on their lease.
The proposed riverfront stadium, which was designed by HOK in St. Louis and 360 Architecture in Kansas City, would be targeted for completion in time for the 2020 NFL season.