The St. Louis Convention and Visitors Commission last week submitted to the St. Louis Rams a $124 million renovation plan for the Edward Jones Dome with $60 million of public funding.
The plan offers up a series of revenue sources to help pay for renovations to the National Football Lelague stadium. The plan suggests that debt financing, a ticket surcharge, tax credits, reserves, higher parking fees and other local funds could help raise the public share of the renovation. The remaining costs would be covered by the team.
The Regional Convention and Sports Complex Authority issued $256 million of 30-year revenue bonds to finance the stadium that opened in 1995. The Rams are permitted under the lease to leave the stadium in 2014 if its manager, the commission, does not keep it in what is considered first-tier condition compared to other NFL stadiums.