Tuesday, 09 April 2013 16:22
CVC ordered to pay $2 million in lawyer's fees
A report out today says that the St. Louis Convention and Visitor's Commission will have to pay $2 million of the Rams' lawyer's fees.
The story was originally reported by the St. Louis Business journal. The two sides met with an arbitrator earlier this year to determine the best plan to upgrade the Edwards Jones Dome. The Rams won that arbitration and according to the original lease, the side that won any arbitration would eligible for reimbursement to cover legal fees. The arbitrator settled on a reimbursement of $2 million.
The CVC is funded by taxpayers.
Published in
Local News
Wednesday, 20 March 2013 02:34
Millennium Hotel to close most rooms for remodel
One of the biggest hotels in downtown St. Louis is all but shutting down during the busy summer season. The Millennium hotel will close about 600 of their 870 guest rooms for remodeling.
The St. Louis Post-Dispatch reports that the project had been scheduled to begin this fall, but was pushed up to spring instead. Hotel officials aren't saying why they changed the dates of the planned redo.
The St. Louis Convention and Visitors Commission told the paper they'll work with the hotel to relocate some meetings that had been scheduled for the Millennium.
The St. Louis Post-Dispatch reports that the project had been scheduled to begin this fall, but was pushed up to spring instead. Hotel officials aren't saying why they changed the dates of the planned redo.
The St. Louis Convention and Visitors Commission told the paper they'll work with the hotel to relocate some meetings that had been scheduled for the Millennium.
Published in
Local News
Tuesday, 12 February 2013 11:38
CVC hires Goldman Sachs to help keep Rams in St. Louis
The St. Louis Regional Convention and Sports Complex Authority has hired investment banking firm Goldman Sachs to help find a way to keep the Rams in the Edward Jones Dome, or at least in St. Louis.
Goldman will advise the authority on how to pay for dome renovations and increase revenue if the Rams leave the building. The authority board approved the hiring yesterday.
Goldman will advise the authority on how to pay for dome renovations and increase revenue if the Rams leave the building. The authority board approved the hiring yesterday.
Published in
Local News
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