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Thu Jan 12, 2017, 04:48 PM

$80 Million Tax Plan to Fund Soccer Stadium Scrapped in St. Louis

Since unveiling their grand plans in November, the ownership group trying to establish a pro soccer team in St. Louis has insisted that city and state funding a total of $120 million would be critical to landing a coveted MLS franchise.

The lion's share of that money, $80 million, was expected to come from St. Louis taxpayers, with residents slated to vote on the considerable outlay. But in a surprise move this morning, the bill's sponsor, Alderwoman Christine Ingrassia, announced that she is junking the proposal.

"That bill will not be moving forward," said Ingrassia during a meeting of the aldermanic Ways & Means Committee, as reported by the St. Louis Post-Dispatch. The bill would have directed revenue from an increase to the city's "use tax" (a sales tax that businesses pay on out-of-state purchases) to fund the stadium's construction.

Jim Woodcock, a spokesman for the ownership group, tells Riverfront Times that Ingrassia's announcement came without warning. "We met with Christine Ingrassia Friday for almost two hours," Woodcock says. "We followed up with multiple emails of information she requested over the weekend and [we] left her phone messages yesterday and last night. She has not called or responded to us, so until we hear from her directly, it's hard to respond to statements made in the media."

Read more: http://www.riverfronttimes.com/newsblog/2017/01/10/80-million-tax-plan-to-fund-soccer-stadium-scrapped-in-st-louis

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Reply $80 Million Tax Plan to Fund Soccer Stadium Scrapped in St. Louis (Original post)
TexasTowelie Jan 2017 OP
Wellstone ruled Jan 2017 #1
TexasTowelie Jan 2017 #2
Wellstone ruled Jan 2017 #3

Response to TexasTowelie (Original post)

Thu Jan 12, 2017, 05:12 PM

1. We are facing this same garbage here in Vegas.

Noticed San Diego told the NFL go F---- yourself. Here in Vegas our Median Incomes will never support a NFL team or as our Mayor wants a Pro Soccer Team. Which could be supported if the ticket prices were cheap. It is our Tax Base that sucks,someone has to pay for those bonds and from experience it ends up on the Taxpayers. Our Schools are next to last in the US,damn that is more important than anything.

But,as we have been told by the Casino Moguls,we only need Maids and Valet's.

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Response to Wellstone ruled (Reply #1)

Thu Jan 12, 2017, 05:19 PM

2. It's the same reason why a pro football team won't go to San Antonio.

The median income is too low and the football fans that are there already have an allegiance with the Cowboys. They even mention putting it on the north side to attract people from Austin, but the people in Austin prefer to participate in sports rather than watch them.

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Response to TexasTowelie (Reply #2)

Thu Jan 12, 2017, 05:29 PM

3. So true of Austin.

Sure changed after all those Minnesota Transplants moved in. That 3M Culture is contagious.

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