Mayor Slay “Confident” Ballpark Village Will Get Off The Ground This Time
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ST. LOUIS (KMOX) - The city’s top elected official says he’s fine with the latest plans for a long-awaited Ballpark Village next to Busch Stadium.
Just so long as something finally gets done this time around.
KMOX News wanted to get Mayor Francis Slay’s reaction to Monday’s unveiling of a scaled-down version of Ballpark Village by Cardinals president Bill DeWitt III.
“It’s going to be a quality development, I’m confident in that,” Slay responded.
The retail-entertainment project announced by DeWitt would include restaurants, a Hall of Fame museum, balcony seating allowing views down into the ballpark, and a public events area.
Mayor Slay has been a sometimes-supporter, sometimes-critic of the various plans for Ballpark Village, at one point blogging that he was “losing patience” with developers.
But he’s behind this latest effort 100% because past proposals called for trying to sell bonds during the height of the Recession to provide needed financing.
“In this case (the Cardinals and Cordish) are actually buying the bonds themselves,” Slay points out. “They say they now have it 80% leased. It looks like it’s certainly poised in a better way to get going than in the past.”
Team officials promise to announce anchor tenants for the new development in early July.