Proposed NFL stadium discussed at Missouri House Committee meeti - KMOV.com

Proposed NFL stadium discussed at Missouri House Committee meeting

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ST. LOUIS, Mo. (KMOV.com) -

By: Mike Colombo / News 4 & Associated Press

ST. LOUIS (KMOV.com) – Former Anheuser-Busch CEO Dave Peacock, one of the leaders of the St. Louis NFL Stadium Task Force, spoke to a Missouri House Committee Monday.

Peacock was there to discuss the economic impact of the proposed stadium. During Peacock's appearance he said the state participating in stadium plans would benefit the state and its taxpayers.

“I'm a taxpayer, the proposal we put forth we felt was responsible. It takes a lot of work to uncover and stitch together something that works,” Peacock said. “This is a transparent process, this is a public stadium, is what our vision is.”

Economic development officials say building a new football stadium in St. Louis could bring nearly $300 million in net tax revenues to Missouri over the next 30 years.

As head of the Missouri Department of Economic Development, Mike Downing says that without the Rams or another NFL team, Missouri could lose at least $10 million in yearly personal income taxes from players.

Tax revenues would be offset by $12 million in yearly bond payments for a new stadium.

Rams owner Stan Kroenke is planning a new stadium in Los Angeles. St. Louis leaders worry that could mean the team leaves Missouri as early as 2016.

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