ST. LOUIS (AP) — The long-delayed Ballpark Village in St. Louis is moving forward.
A city agency on Wednesday approved up to $47 million in tax revenue bonds. Aldermen will consider the proposal next. After that, the plan must go through the Missouri Department of Economic Development and the Missouri Development Finance Board.
Plans call for the 10-acre site near Busch Stadium to include retail and office space, restaurants and entertainment.
Proposals for Ballpark Village were first announced before the Cardinals opened the new stadium in 2006. The project has stalled because of a variety of factors, including the sluggish economy.
The Cardinals are developing the project along with Cordish Co. The team hopes to open Ballpark Village in 2013.
Copyright 2011 The Associated Press