Posted on January 19, 2011 at 10:28 AM
Wednesday, Jan 19 at 6:53 PM
The Missouri Downtown Economic Stimulus Authority unanimously approved a resolution Wednesday morning giving the go ahead to go forward with Ballpark Village.
If only that were the end of it.
A development plan with the developer has yet to be agreed on. The Board of Alderman have to give approval as well as the state... Bonds have to be sold... The financial markets could play a role (as they have in the past).
But if all goes as hoped, construction on Phase One of Ballpark Village could begin in the summer or fall of 2011.
Phase One includes 225,000 square feet of office space and 100,000 square feet of retail and entertainment space. The development plan comes with a $146.1-million price tag.
When all phases of the project are completed, the size and cost would more than triple and include 250 condominiums.
Cardinals President Bill DeWitt III told me following the nearly two-hour meeting downtown,
"It's nice to get another approval in the long process that is the public approval process so we're pleased. We try not to get hopes up too high as we move through these hurdles but with each one we get a little more excited."
I asked DeWitt for a baseball analogy to describe where Ballpark Village stands if the process were an at-bat.
He said, "We've hit a gapper and we're rounding first." Sounds promising, but I should have asked him a follow-up question. Who's running around the bases?... Colby Rasmus or Lance Berkman?
Mark Schnyder is a reporter at KMOV-TV. He can be reached at MSchnyder@kmov.com