$50 million in tax credits sought for new NFL stadium - KMOV.com

$50 million in tax credits sought for new NFL stadium

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ST. LOUIS (AP) - A revised plan for a new NFL stadium in St. Louis calls for the stadium authority to seek $50 million in state tax credits from the Missouri Development Finance Board.

The St. Louis Post-Dispatch reports that the St. Louis Regional Convention and Sports Complex Authority will present its request Tuesday at a meeting in Jefferson City.

The credits would be spread over three years to help fund the proposed open-air stadium along the Mississippi River north of the Gateway Arch, a major part of the effort to keep pro football in St. Louis.

The newspaper reports that new financial details in the authority's application include an updated cost: $998 million, up from the initial $985 million.

Information from: St. Louis Post-Dispatch, http://www.stltoday.com

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