Stenger: Gov. Nixon says St. Louis Co. funds not needed for new - KMOV.com

Stenger: Gov. Nixon says St. Louis Co. funds not needed for new NFL stadium

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CLAYTON (KMOV.com) -

St. Louis County tax dollars will no longer go towards building a new stadium in downtown, raising questions on where the money will come from.

According to St. Louis County Executive Steve Stenger, an aide from Missouri Governor Jay Nixon's office called and said the county's participation would not be needed in the funding of a new stadium.

“We've been having conversations about all the issues related to the funding of the new stadium and I think as a result of all those discussions, the governor's office made a determination that St. Louis County's participation is not necessary,” said Stenger.

Stenger said the county did not pull out of the deal, and said he supports a new stadium and keeping a NFL team in St. Louis.

“If things need to be revisited we're always open to discussions,” he said, but added that he believes the governor's office made this decision in “furtherance of the deal.”

A spokesperson for Nixon would not offer specific details on what this means for the deal, but assured that progress is being made on the stadium.

“Many of the options being considered include a plan to maintain and maximize the value of the existing dome and convention center. The role for St. Louis County relates to their continued support of the existing dome and convention center, which must remain an important asset to the region,” said Scott Holste with Governor Nixon's office.

The state, county and city are currently paying off the bond debt of the Edwards Jones Dome and Stenger says the county will continue their obligation of $6 million a year until 2021, when those bonds are set to retire.

In January, a task force revealed plans for a $985 million stadium along the North Riverfront. The proposal was made shortly after it was revealed that Rams' owner Stan Kroenke was planning to build a stadium in Inglewood, California that would house an NFL team, fueling speculation he wants to move the Rams back to Los Angeles. Despite the announcement, Kroenke has not spoken publicly about the Rams' future.

Nixon's office would not elaborate on where they would make up the funds that would have come from St. Louis County, and if it means the city or the state will have to bear more of the burden.

The city says they are still waiting for the task force's proposal.

Dave Peacock, the co-leader of the governor's task force says they will consider additional financing concepts in the weeks to come in light of this new development

“Just as the stadium design has evolved over the past several months and will continue to progress, so too will the process to determine the appropriate financing plan to bring this project to life,” Peacock said.

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