St. Louis Alderman Approve Financing Proposal For New NFL Stadium

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St. Louis Alderman agreed to fund $150 million dollars toward a new billion dollar riverfront stadium, in effort to keep the Rams from leaving the city.

Via ESPN:

“Today’s vote of approval represents a significant milestone in the effort to see our NFL stadium and riverfront renewal project come to life and, in doing so, keep the St. Louis Rams here in St. Louis,” the St. Louis stadium task force, led by Dave Peacock and Bob Blitz, said in a statement. “We commend mayor Francis Slay, president Lewis Reed and the St. Louis City Board of Aldermen for their vision, leadership and commitment. That’s what it takes to make a city everything it can and should be for its residents, businesses and visitors.

“St. Louis answered that call today. We now have more work to do to prepare our St. Louis stadium proposal for delivery ahead of the NFL’s deadline of Dec. 30. We recognize that our proposal will require extensive review before it is considered for approval by the NFL. We are confident that it will be well received.”

Despite the agreement, there is no guarantee that this will keep the Rams in St. Louis. Rams owner Stan Kroenke will need to agree to the stadium financing package, but has not shown much interest in remaining in the city. Also, Roger Goodall took exception with the teams proposal of $300 million from the league to help finance the stadium. The NFL typically provides as much as $200 million dollars for teams to build new stadiums.

With only 11 days away from the Dec. 30th deadline, it’s crunch time for the Rams. Will they keep their team or does the Rams future lie in Los Angeles.