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Cardinals Ballpark Village Legislation Presented PDF Print E-mail
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Written by The Staff   
Wednesday, 31 January 2007 02:58

Ballpark VillageThe St. Louis Cardinals’ request for $115.8 million in public subsidies to develop a Ballpark Village on the leftover vacant land where Busch II once stood, sees the first steps in gaining that funding shortly. Friday, several bills related to the Ballpark Village were presented to the Board of Aldermen, a legislative wing of St. Louis city government.

The Cardinals are hopeful that funding will be passed soon to allow ground to be broken later in the year, with a target date for opening the Village in 2009 (to see renderings of the proposed Cardinals Ballpark Village, view then here on The Biz of Baseball). As reported by the St. Louis Post-Dispatch:

Alderman Phyllis Young, whose ward includes most of southern downtown, sponsored the five bills aimed at helping the team and its development partner, Baltimore-based Cordish Co., get the $115.8 million in public subsidies they are seeking.

That money would come from a variety of sources: $59 million in city tax incentives, $27 million in state tax breaks, $25 million from two special taxing districts and $5 million in public bonds bought by the Cardinals and Cordish.

The $387 million first phase of the project, built on the six-blocks covering the grounds of the old Busch Stadium, would include boutique shopping, "signature" restaurants, a bookstore, a bowling alley and a Cardinals Hall of Fame museum. Condos and office space are also part of the plan.

A hearing on the Ballpark Village is scheduled for today in the aldermanic Housing Committee.

 
 
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