MLS stadium funding bill approved by Board of Aldermen - KMOV.com

MLS stadium funding bill approved by Board of Aldermen

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A rendering of the proposed MLS stadium that would be built near Union Station. Credit: MLS A rendering of the proposed MLS stadium that would be built near Union Station. Credit: MLS

ST. LOUIS (KMOV.com) – Friday, the St. Louis City Board of Aldermen approved the stadium funding bill to build a soccer stadium in St. Louis.

The board approved the funding 20-7. Now, a judge will have to sign off on the measure before it will appear on the April ballot.

Earlier in the week, SC-STL formally submitted an application to the MLS for an expansion team to be brought to the city.

A study done by Missouri Wonk shows a soccer stadium has the possibility of bringing more money and activity into the area. It is also estimated to create 450 jobs during the start-up and construction period, and 428 permanent jobs.  

The study also shows the stadium could bring $556 million in value to the City of St. Louis economy along with generating almost $78 million in local taxes and fees.

If the measure appears on the ballot, voters will be asked to approve a half-cent sales tax increase, as well as vote on using the money to help build the stadium.

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