A plan to spend $60 million in public money to build a new Major League Soccer stadium in St. Louis stalled for the second time in nine days Thursday in front of the city’s board of aldermen.
An aldermanic committee discussed the proposal with some heated exchanges before tabling it. Chairman Stephen Conway said it would get another hearing Monday, but described it as currently being “on life support.”
This was the second shot by the private ownership group, SC STL, at building a roughly $150 million to $200 million MLS stadium. Investors would commit $95 million to the stadium and about $150 million to the league to acquire a team. The city of St. Louis would contribute $50 million in new revenue from an increase in the business use sales tax, assuming voters approve a half-cent sales tax increase for MetroLink and other city services.
Rather than risk the bill failing in committee, Conway decided not to take a vote. The window for an April vote on the funding is still open, however slightly.
SC STL representatives did not comment on the day’s events.