ST. LOUIS (KMOX) – A Kansas City-area state senator wants to make sure no more public money goes to finance sports stadiums.
State Sen. Rob Schaaf has introduced a bill to prevent the Missouri Development Finance Board from awarding tax breaks.
Schaaf says the board was quick to give millions in the effort to keep the Rams.
“It cost the state of Missouri a lot of money,” he says, “and now, we find out that Gov. Nixon is once again trying to push millions of dollars worth of tax credits to build a soccer stadium.”
“The people of Missouri don’t want their hard-earned tax dollars going to build stadiums,” Schaaf says. “It’s been shown to be a bad public investment, it only helps a few wealthy people.”
Schaaf doesn’t remember whether his bill dissolves the board or simply prevents it from awarding tax credits — for any project, not just stadiums.
The city of St. Louis is asking the board for $40 million in state help to build a new Major League Soccer stadium downtown.
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