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St. Louis Board of Aldermen Approves Funding PDF Print E-mail
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Written by The Staff   
Friday, 09 February 2007 06:53

Cardinals Ballpark VilliageUPDATE: At just before noon local time, the St. Louis Board of Aldermen gave its final approval to bills connected to a Ballpark Village just outside new Busch Stadium on the remaining land where Busch II once stood. It will be one of the largest development projects in the history of downtown St. Louis.

The move paves the way for the Cardinals and developer Cordish Co., to break ground on the six-block entertainment district in the first half of the upcoming baseball season.

The bills approved today, which still require signature by the mayor, would make available $115 million in public funds.

The new bills introduced last week remove a requirement that Cordish Co. develop 250 residential units that were originally part of the first phase. As reported by the St. Louis Post Dispatch:

Cordish is seeking to build six blocks of signature restaurants, specialty stores, entertainment venues and office space next to the new Busch Stadium. The developer, which has built similar projects around the country, is partnering with the Cardinals organization, which owns the land.

In the midst of the World Series, the city and Cordish announced, to much fanfare, they had reached a deal in principle. Since then, a flurry of last-minute discussions pose potential changes to the project's scope.

In the first phase of the project, Cordish is now committed to 324,000 square feet of space for stores, restaurants and entertainment. That's about 10 percent less than the firm committed to originally. It would still build 100,000 square feet of offices and add 1,200 parking spaces.

 
 
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