ST. LOUIS (KMOX) – The St. Louis Cardinals announced Friday that their planned development near Busch Stadium is moving forward.
Ballpark Village isn’t back from the dead — it never died, claims Cardinals President Bill DeWitt III, “As you know, there are a lot of aspects to a deal like this that have to come together. In the past, it seems like we’d get really close and one of those aspects would fall apart.”
But now, they’ve all come together.
DeWitt III says he has the financing in place for the first big piece of Ballpark Village, “The first phase would include two very large blocks that make up 100,000 feet of retail entertainment and a 225,000 foot office tower.”
Dewitt says a major tenant has agreed to occupy 12 stories of the tower — but he won’t reveal who the tenant is for now.
He also hinted that the Cardinals would buy some of the bonds for the project, if necessary.
(Copyright: KMOX Radio)