How St. Louis County Could Save $$$ On Busch Stadium Debt

ST. LOUIS (KMOX) –  St. Louis County still owes $46 million in debt resulting from construction of the new Busch Stadium downtown.

However, KMOX News has learned that the county could save roughly $4 million in interest payments by refinancing bonds.

County Chief Operating Officer Garry Earls was asked if similar savings could be identified through a closer examination of debt that remains on the Edward Jones Dome, which opened nearly two decades ago.

“Well, we’ll look at that as the opportunity becomes available,” Earls responded, “but they’re not really ready yet. There’s not an opportunity at this point for the refinancing (of the Dome).”

As for Busch Stadium, Earls added, the county will clear that debt in just over 20 years.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS St. Louis

Live Inspired
KMOX Podcasts

Listen Live