WE NOT ME
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 by Elvis
9 years 6 months ago
 Total posts:   41516  
 Joined:  Mar 28 2015
United States of America   Los Angeles
Administrator
http://www.stltoday.com/news/local/govt ... 56ad8.html

Goodell: $300 million for St. Louis stadium 'fundamentally inconsistent' with NFL policy

David Hunn

ST. LOUIS • The Board of Aldermen is poised to approve on Friday a financing package for a $1.1 billion stadium that counts on an extra $100 million from the National Football League.

But on Thursday, NFL officials wanted to make sure no one was taking league money for granted.

In a sternly worded letter to Gov. Jay Nixon and his stadium task force, NFL Commissioner Roger Goodell warned that the league has no current plans to provide $300 million toward construction of a riverfront stadium here.

The NFL provides a maximum of $200 million to help teams build new stadiums, Goodell wrote. The premise that the league has committed $300 million to the Mississippi River proposal “is fundamentally inconsistent with the NFL’s program of stadium financing,” he said.

The letter comes at a critical moment. St. Louis aldermen are set to meet at 3 p.m. Friday to vote on the latest version of the city’s financing package — a deal that changed at the last minute to give up city tax revenue in exchange for an extra $100 million from the NFL.

It’s unclear if Goodell’s letter will affect that vote. Aldermen could amend the bill, introduce a floor substitute at Friday’s meeting, and — should it pass — schedule another special session for next week, in time to meet the league’s Dec. 30 proposal deadline.

They could let the bill, and the region’s hopes of keeping the St. Louis Rams, die. Without a new stadium here, NFL owners would have far less reason to block Rams owner Stan Kroenke’s efforts to move to Los Angeles.

Or they could do nothing.

“We are not changing this bill,” said downtown Alderman Jack Coatar late Thursday afternoon. “We are passing the bill as is tomorrow. We have the votes and we're moving forward.”

Moreover, Coatar said, Goodell’s letter isn’t particularly surprising. “Everybody that's been working on this deal knows that these funding sources are not guaranteed,” he said. “This is the city's proposal. This is what we're willing to spend.”
 by BuiltRamTough
9 years 6 months ago
 Total posts:   5357  
 Joined:  May 15 2015
Armenia   Los Angeles
Hall of Fame
Who else would it be? It's obvious it's some owners from the LA committee.

Funny how quickly momentum changes. STL folk are going crazy on Twitter.
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40 posts Jul 11 2025