CVC, tax payers paying $4 million to Rams after failed arbitration

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by KMOV.com Staff

KMOV.com

Posted on April 10, 2013 at 6:21 AM

Updated Wednesday, Apr 10 at 1:29 PM

(KMOV.com) -- The St. Louis Rams are about to be $2 million richer and the St. Louis Convention and Visitors Commission is footing the bill after arbitrators sided with the St. Louis Ram’s plan to improve the Edwards Jones Dome this past winter.

Tax payers are on the hook here for the bill as well; and the total public cost will actually be nearly $4 million.

Arbitrators ruled in favor of the Rams' plan for a $700 million worth of improvements to the Dome instead of the CVC’s projected plan that cost under $200 million.

As the loser, the CVC has to pay the Rams $2 million in attorney’s fees and court costs.

Typically, both parites pay their own legal expenses, but in this case the Rams and the CVC agreed the loser would pay the winner’s fees.

This all goes back to the agreement that brought the Rams here in 1995 that guaranteed the Rams a first tier NFL stadium by 2015.

The bigger victory comes from the fact that, if the CVC doesn’t provide the upgrades to the Edward Jones Dome the arbitrators have determined to be appropriate and necessary, the Rams will be able to leave the venue after the 2014 season.
 

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