The public agency that operates the Edward Jones Dome last week shot down the St. Louis Rams’ counterproposal for renovations to its stadium.

The St. Louis Convention and Visitors Commission rejected the Rams’ plan, which had an estimated price tag of $700 million. The team’s proposal came after it rejected the commission’s initial $124 million plan for upgrades.

The two sides have a deadline of June 15 to agree on a renovation plan, or the issue goes to arbitration. The commission is required under its lease with the team to ensure by 2015 that the bond-financed facility is in top condition compared to other National Football League stadiums.

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