With several big developments swirling in the background, members of the St. Louis Board of Aldermen are set to examine a plan funding the city’s portion of a roughly $1 billion riverfront stadium.
Few expect the legislation to get a completely friendly reception, considering most members have expressed skepticism about the stadium project. Some question publicly funding stadiums, while others are perturbed that the funding plan isn’t being put up for a public vote.
The committee hearing comes as some big-time stadium backers – including Gov. Jay Nixon and the two-person task force of Dave Peacock and Bob Blitz – presented the stadium plan in New York to a group of NFL owners. Their stadium pitch is important, since owners ultimately have the final say in whether a team relocates or not.
To relocate, a team must get the approval of three-fourths of the NFL’s owners. Relocation is also unlikely, as owners on Wednesday recommitted to exhausting “every option” before allowing a team to leave its current home.