Stadium would bring $300 million in revenue, DED director says

State officials say Missouri would take in $300 million over 30 years if the proposed football stadium along the riverfront in downtown St. Louis is built.

Mike Downing, the director of the Missouri Department of Economic Development, said in a House committee hearing Monday that the bulk of that economic impact — or about $9.6 million per year — would come from income taxes paid by Rams players.

Downing categorized those estimates as “conservative,” saying they did not include spending of construction workers that live in the region or the spending of football and non-football attendees for hotels, restaurants and more.

Several Republican legislators on the House committee responded skeptically to Downing’s projections.

The open-air downtown stadium, which has been proposed as the St. Louis Rams are linked with a potential move to Southern California, is projected to cost between $860 million and $985 million.

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