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Bill calling for public vote on NFL stadium financing, died in committee

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Bill calling for public vote on NFL stadium financing, died in committee

(KTRS) – A bill that would require a public voted before any money goes to the proposed NFL stadium, has died in committee. The Convention and Tourism Committee on the Board of Aldermen defeated the bill by a 5-3 vote. Opponents said the call for a public vote may have scared the NFL away from […]

Bill calling for public vote on NFL stadium financing, died in committee

(KTRS) – A bill that would require a public voted before any money goes to the proposed NFL stadium, has died in committee.

The Convention and Tourism Committee on the Board of Aldermen defeated the bill by a 5-3 vote. Opponents said the call for a public vote may have scared the NFL away from St. Louis. The aldermen now are unlikely to approve a financing package for the stadium until 2016. The current plan calls for the city to contribute more than $230 million to the project.

The current term sheet calls for the state of Missouri to supply additional funding, but all financing is contingent on a $450 million investment from the NFL and team owner.

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