ST. LOUIS (KMOX) – The man leading the effort to build a new stadium to keep the NFL in St. Louis says his task force will have a funding bill before the city’s Board of Aldermen in the next week or two.
Dave Peacock tells KMOX’s Michael Kelly the plan is to extend the same $6 million a year that’s paying off the Edward Jones Dome bonds for 30 years to pay off the stadium.
“That $6 million, you know, is flat, so as the budget grows, and the city budget has grown with inflation and revenues and what have you over time, it’s a decreasing percentage of that budget,” Peacock says.
He says they also plan to rebate some of the tax revenue generated by the stadium over time, to avoid putting incremental debt on the city.
Peacock says he will be meeting with Comptroller Darlene Green to make sure the plan meets her requirements not to increase the burden on city residents.
Listen to the full on-air interview below:
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