Scottrade renovation cost put at $160 million

Renovation of the downtown St. Louis Scottrade Center took a step forward Tuesday when the city’s Land Clearance for Redevelopment Authority approved a resolution stating its intent to issue $160 million in industrial revenue bonds to finance the project.

Plans are preliminary but include revamped seating areas, remodeled concourses, a bigger scoreboard, an enclosed beer garden and a larger team store for the St. Louis Blues, who operate and manage the city-owned arena.

No bonds would be issued before a renovation financing agreement is reached, which officials hope will happen this year. The LCRA resolution could allow the Blues to make some Scottrade improvements this summer and receive reimbursement for their costs later when a final renovation agreement is reached, a source said Thursday.

With Blues hockey season over after a Stanley Cup playoffs elimination by the San Jose Sharks Wednesday night, work on the project should begin soon.

Read more: St. Louis Post-Dispatch

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