Arbitration arguments end between Rams, CVC over Edward Jones Dome

Arbitration arguments end between Rams, CVC over Edward Jones Dome

Arbitration arguments end between Rams, CVC over Edward Jones Dome

Print
Email
|

by KMOV.com staff

KMOV.com

Posted on January 25, 2013 at 3:42 PM

Updated Friday, Jan 25 at 3:47 PM

ST. LOUIS—Arguments ended Thursday in the arbitration between the St. Louis Rams and the agency that runs the Edward Jones Dome.

According to spokeswoman with the St. Louis Convention and Visitors Commission, which runs the dome, three arbitrators took about two weeks worth of evidence and testimony during the hearings.

Over the next few weeks, the arbitrators will decide if either the Rams’ or CVC’s renovation proposals could bring the dome up to top-tier status among the other 31 NFL stadiums.

Under the leasing agreement, a top-tier stadium is defined as being among the top 25 percent.

If the top tier status is not met, the Rams could break their lease and potentially move after the 2014 season.

In May, the Rams proposed a $700 million project to renovate the dome.

As expected, the commission rejected the proposal due to the wide discrepancy between the Rams’ plan and one submitted by it in February. That plan called for $124 million in improvements, such as a bigger scoreboard and better club seating. It also would have required the Rams to pay 52 percent of the cost. Taxpayers would have to approve funding for the remaining 48 percent.

The Rams’ counterproposal submitted May 1 was far more elaborate, calling for a new roof with a sliding panel, replacing much of the brick exterior with a glass front, even re-routing Broadway.

Kathleen Ratcliffe, president of the CVC, has said the agency thinks it’s important to have an NFL team in St. Louis and wants it to be the Rams.

The Rams have declined comment throughout the process.

 

Print
Email
|