Funding plan for soccer stadium still alive - KMOV.com

Funding plan for soccer stadium still alive

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

Negotiations over a public funding plan for a new pro soccer stadium in downtown St. Louis continued on Tuesday even as deadlines passed to get the measure on a public ballot.

The failure to pass the bill on Tuesday now means supporters not only need approval from Aldermen, but now also need a judge to agree to put on the April ballot for city voters.

The bill is still stalled in the Ways and Means Committee, but its sponsor, Alderwoman Christine Ingrassia, says it may be able to get a vote this week.

Ingrassia says she is looking for assurances from the investors at SC-STL that money from the general fund will not be used and the city's credit rating is protected.

Support for the proposal that includes a hike in a business sales tax has been floundering lately. 

Elsewhere, there are developments with cities competing with St. Louis.  Investors in San Diego proposed a new soccer stadium that does not require public money, and officials in Charlotte, North Carolina will vote later this week on using taxpayer money for a new pro soccer facility.

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