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Ballpark Village Funding Plan Inches Closer PDF Print E-mail
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Written by The Staff   
Thursday, 08 February 2007 01:23

St. Louis Ballpark VilliagePublic funding for the Cardinals proposed Ballpark Village inched a step closer to final approval on Friday when the St. Louis Estimate Board and, later, the Board of Aldermen endorsed the plan. The passage did not come without acrimony as there were warnings from some that the deal was too complex to pass in a hurry.  As reported by the Post Dispatch :

The mayor's office presented changes to the original plan that could shrink the  first phase of the project planned next to the new Busch Stadium. The changes  would make building condos — once a key part of the proposal — optional. They  also would decrease the required amount of retail space by about 10 percent.

But, if the Cardinals and their development partner, Cordish Co. of Baltimore, do indeed build less, their potential tax incentives would fall by as much as $17 million.

The Cardinals and Cordish are seeking up to $115 million in state and local subsidies for the project. The Ballpark Village bills will be eligible for final approval Friday.

Renderings of the proposed Ballpark Villiage can be seen here on the Biz of Baseball

 
 
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