Enterprise owners kick off new bid to bring MLS to St. Louis

Another effort is afoot to bring a Major League Soccer team to St. Louis.

Members of the Taylor family, which owns rental car giant Enterprise Holdings, and the family of Jim Kavanaugh, the World Wide Technology co-founder, announced Tuesday that they are bidding for an MLS expansion team.

Caroline Kindle Betz, senior vice president at Enterprise and executive director of the Enterprise Holding Foundation, is one of seven female relatives of Jack Taylor, the late enterprise founder, who make up the ownership group. The group would make the St. Louis team the first majority female-owned MLS franchise.

Their proposal calls for construction of a $250 million, 20,000-seat stadium on land just west of Union Station near downtown St. Louis.

In 2017, voters in the city rejected a plan to publicly finance a soccer stadium in the same location.

This time around, the stadium would be “overwhelmingly” privately financed, according to the ownership group. Some public assistance would likely be offered in the form of dedicated sales tax on stadium concessions and merchandise; a property tax break on the stadium; some state tax credits; and a break on the city’s ticket tax.

MLS executives said they had met with the ownership group and were impressed by their effort.

Read more: St. Louis Public Radio, St. Louis Post-Dispatch

Tags:, , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students