Aldermen give initial approval to funding package for St. Louis stadium

The proposed stadium would sit along the Mississippi River waterfront. | Courtesy of  St. Louis NFL Stadium Task Force.
The proposed stadium would sit along the Mississippi River waterfront. | Courtesy of St. Louis NFL Stadium Task Force

A proposed riverfront stadium in St. Louis is one step closer to reality with initial approval of the financing plan by the city’s aldermen on Tuesday.

Following a heated debate, aldermen gave the city’s portion of the stadium funding plan initial approval by a 17-0 vote. They will be back in session Friday afternoon to send the measure to St. Louis Mayor Francis Slay.

The majority of financing for the $1 billion project comes from private sources. The city would be required to make anywhere from $4.5 million to $9 million a year in bond payments.

Read more from St. Louis Public Radio and the St. Louis Post-Dispatch


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