MLS group reveals plan for $200 million stadium in downtown St. Louis

Voters could be asked to help pay for a $200 million Major League Soccer stadium as owners look to field a team in St. Louis by 2020 or 2021.

The ownership group, SC STL, includes former Anheuser-Busch President Dave Peacock and other members of a group known as MLS2STL that began efforts in January to bring professional soccer to St. Louis.

Private investors would cover at least 60 percent of the stadium costs, and the facility would be owned by the city of St. Louis, said Jim Kavanaugh, vice chairman of the ownership group and founder of the minor league soccer club St. Louis FC.

Voters could be asked to put $80 million in public money toward a 20,000-seat stadium, not including a potential land purchase west of Union Station. That amount could be lower depending on financial assistance from the state, Kavanaugh said.

The issue could be on the municipal election ballot April 4.

Read more: St. Louis Post-Dispatch, St. Louis Business Journal


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