The St. Louis board of Aldermen voted Friday in favor of a funding package for a new NFL stadium. Under a task force’s proposal, the city would finance $150 million of the $1.1 billion project. The rest of the funding would come from the state, the NFL and $250 million from the team owner.
The proposed new football stadium would be open air and located on the edge of the Mississippi River.
On Thursday, the NFL Commissioner told Governor Jay Nixon that the stadium proposal “is fundamentally inconsistent with the NFL’s program of stadium financing.” The NFL provides a maximum of $200 million, whereas the bill approved Friday included $300 million.
St. Louis could be running out of time. The NFL and its owners are expected to vote in January on relocation requests. Rams owner Stan Kroenke has expressed interest in moving the team to Los Angeles.
No agreements have been made to bring another team to St. Louis if the Rams leave.
If Governor Nixon and his task force don’t get the financial assistance from the NFL, their stadium deal might not break ground.
