If I was Michael Neidorf, and I had architects wanting to draw up a new building before the deal was done, I’d tell them to wait until it was 100% a go before they get too far ahead of themselves, too. It’s just about keeping the billable hours down. I also would not have issued a press release on this decision when I gave the orders in November; that Jako learned this is not that shattering.
I believe the big issue for Centene and Cordish, and the City, is over infrastructure. When Busch II was on the property, it was over a giant footprint that didn’t have the standard grid’s worth of electric, sewer, gas, and whatever other necessary utilities the average CBD block would have. When the area was first being recast, and negotiations over subsidy were being discussed between the Developers and the City, it was over how much money in public funds would be utilized to make the property usable for new development. Cordish stated last summer that the development would not be as profitable already, compared to other comparable developments, because of the needs to recast Downtown infrastructure. When Centene entered the picture, it meant that more money would be coming in for net development. But, with the needs of the site’s preexisting infrastructure development and rededication, and the compounding needs for a large Class A building, originally set for the Second Phase of development, concurrent to the development of the First Phase, I bet the squabbling between the City and the Developers over who pays for what became all the more prickly. Therefore, Centene decided to hold off its final signature to the contracts, as well as having their architects billing them, until the final details are set. I wouldn’t just sign off on an undetermined property before I learned whether or not the plans would be logistically untenable before a full sweep of the property was finished, including and especially knowing how big my bill was going to be, and how the total bills would be split.
We all have to remember that the City, the Cardinals, Cordish, and Centene all have much to lose if they don’t keep their word. They all risk the loss of Tangible and Intangible Goodwill if Ballpark Village doesn’t get built as planned. Goodwill also would be hurt for ancillary Downtown developments, such as the Mercantile Exchange, if it doesn’t have the BPV as compliment to their business models. As well, the major parties involved all risk prolonged investigations by the State of Missouri; Jeff City isn’t about to sit out when they can prosecute companies that do irreparable harm to the image of the state’s biggest city.
My bet is that BPV will get underway, most likely within two months, and that Centene will still build its HQ there.
Gone Corporate wrote:We all have to remember that the City, the Cardinals, Cordish, and Centene all have much to lose if they don’t keep their word. They all risk the loss of Tangible and Intangible Goodwill if Ballpark Village doesn’t get built as planned.
The same goodwill that the majority of the largest corporations in the area lost when they didn't keep their word on redeveloping Kiel Opera House?
Gone Corporate wrote:We all have to remember that the City, the Cardinals, Cordish, and Centene all have much to lose if they don’t keep their word. They all risk the loss of Tangible and Intangible Goodwill if Ballpark Village doesn’t get built as planned.
The same goodwill that the majority of the largest corporations in the area lost when they didn't keep their word on redeveloping Kiel Opera House?
Amplified.
- Size of Cardinals fan base, embarrassed in time for All Star Game.
- Role of Major League Baseball itself.
- Loss of a facility in profitable use at time of destruction.
- Prominence of, & psychographic proximity to, branded names in relation to a scandalous quagmire.
- Hearings regarding allegations of embezzlement, impropriety, and incompetence.
- Public officials specific: The electorate. This is an election year, after all.
- Cordish specific: Net US metro areas considering economic redevelopment.
- Centene specific: Loss of confidence in executive management by Board of Directors and common stock holders, individual and institutional.
St. Louis and Clayton officials as well as Clayton-based Centene Corp. are denying any knowledge of a decision by the company to pull out of out of a proposed $250 million at Ballpark Village in downtown St. Louis.
A report Monday by KTVI (Channel 2), quoted unnamed sources as saying that Centene was not moving ahead with the project and that the health care management company "dismissed its design team for the Ballpark Village project last November telling them ‘not to bother.’ "
St. Louis city leaders and company officials announced in September that the company would relocate its headquarters to the retailing and entertainment district near Busch Stadium.
Few details have been forthcoming about Centene’s plan or the overall development since then and speculation has been growing that Centene would pull out. Indeed, two weeks ago, St. Louis city officials said Centene's fate would be decided in about two weeks.
In an e-mail statement, Ken Fields, spokesman for Centene, said negotiations are ongoing.
"Centene has been working closely with representatives of Ballpark Village to finalize details for a new corporate headquarters. At this point, there’s nothing new to report," Fields said.
Catherine Powers, director of planning and development services for Clayton, said she didn’t know about any change in Centene’s plans and neither did Barbara Geisman, St. Louis’ deputy mayor for development.
"I don’t know where that (the TV report) is coming from," Geisman said. "As far as we know nothing has changed."
But Clayton Mayor Linda Goldstein lamented that the Centene move to Ballpark Village could be failing.
"Ballpark Village is important to the city of St. Louis and important to the entire region," Goldstein said. "I'm hoping things work out for the city of St. Louis for Ballpark Village. I feel badly for the city and for Francis Slay."
St. Louis and Clayton officials as well as Clayton-based Centene Corp. are denying any knowledge of a decision by the company to pull out of out of a proposed $250 million at Ballpark Village in downtown St. Louis.
A report Monday by KTVI (Channel 2), quoted unnamed sources as saying that Centene was not moving ahead with the project and that the health care management company "dismissed its design team for the Ballpark Village project last November telling them ‘not to bother.’ "
St. Louis city leaders and company officials announced in September that the company would relocate its headquarters to the retailing and entertainment district near Busch Stadium.
Few details have been forthcoming about Centene’s plan or the overall development since then and speculation has been growing that Centene would pull out. Indeed, two weeks ago, St. Louis city officials said Centene's fate would be decided in about two weeks.
In an e-mail statement, Ken Fields, spokesman for Centene, said negotiations are ongoing.
"Centene has been working closely with representatives of Ballpark Village to finalize details for a new corporate headquarters. At this point, there’s nothing new to report," Fields said. Advertisement
Catherine Powers, director of planning and development services for Clayton, said she didn’t know about any change in Centene’s plans and neither did Barbara Geisman, St. Louis’ deputy mayor for development.
"I don’t know where that (the TV report) is coming from," Geisman said. "As far as we know nothing has changed."
But Clayton Mayor Linda Goldstein lamented that the Centene move to Ballpark Village could be failing.
"Ballpark Village is important to the city of St. Louis and important to the entire region," Goldstein said. "I'm hoping things work out for the city of St. Louis for Ballpark Village. I feel badly for the city and for Francis Slay."
After the "Pujols being on the Mitchell Report" story ended up being false, I have been skeptical of any story coming out of Fox 2. I had my doubts this morning and now it seems that those doubts were well founded. I guess every city nerds a gossip column. Or in this case news station.
MattnSTL wrote:Somebody in the city really needs to be pushing this issue. Centene can not be lost, at least downtown. I could care less if they end up in BPV as long as they are downtown. Even though Centene was the most exciting part of BPV...
Of course they can. The most important point in the whole negotiation is whether Centene stays in St. Louis -- which includes Clayton or even, God forbid (and I'm not suggesting they've even thought of this) Winghaven.
Oops. Never finished my thought properly. That should have continued, "But if they do not relocate to downtown, they need to be in the metro area." Basically, I agree with what you said. I really want Centene downtown, but if they end up somewhere else, I want them in the metro.
Here's a radical thought: Maybe the marketplace is saying that Ballpark Village shoudn't happen
KTVI-myFOXstl.com -- The Centene Corporation denies the FOX 2 report that its deal to move to Ballpark Village is dead. But Charles Jaco says our sources, who are close to this project, still tell us they've heard from government officials that the deal is probably dead. Monday, Centene issued a statement saying there's nothing new to report and that talks are still continuing to move Centene headquarters to Ballpark Village from Clayton. But there may be only a week left to revive the move.
I underlined probably because this means they posted the news story without definate facts. Wow.
^ Right, their initial news report shouldn't have emphatically stated that the deal was off. It likely is off, but it's not official yet. This local station's management could use a lesson in journalistic integrity. First, there is a distinction between the news and opinion/editorials. Here you go: http://en.wikipedia.org/wiki/Journalism ... _standards
In all likelihood, Centene is utilizing the ongoing BPV negotiations to gather more incentives from Clayton. I'm sure the Clayton deal will be far less complicated. Way to go, Cordish and Cardinals!
Everyone's saying we'll hear something more definitive in a week or two. That's likely when we will hear that Centene is staying in Clayton.
KTVI-myFOXstl.com -- The Centene Corporation denies the FOX 2 report that its deal to move to Ballpark Village is dead. But Charles Jaco says our sources, who are close to this project, still tell us they've heard from government officials that the deal is probably dead. Monday, Centene issued a statement saying there's nothing new to report and that talks are still continuing to move Centene headquarters to Ballpark Village from Clayton. But there may be only a week left to revive the move.
I underlined probably because this means they posted the news story without definate facts. Wow.
^ The burden of proof would be in providing a respected source or sources. Otherwise, it's just conjecture and should be passed off as opinion instead of fact. Again, a lack of journalistic integrity. That and learn how to spell Centene. Is the St. Louis market so small that media professionalism is hard to come by at Fox2?
innov8ion wrote:^ The burden of proof would be in providing a respected source or sources. Otherwise, it's just conjecture and should be passed off as opinion instead of fact. Again, a lack of journalistic integrity. That and learn how to spell Centene. Is the St. Louis market so small that media professionalism is hard to come by at Fox2?
innov8ion wrote:^ The burden of proof would be in providing a respected source or sources. Otherwise, it's just conjecture and should be passed off as opinion instead of fact. Again, a lack of journalistic integrity. That and learn how to spell Centene. Is the St. Louis market so small that media professionalism is hard to come by at Fox2?
I agree. The author needs to at least state something like this: according to sources (at Centene or Cordish or the City) that wish to remain anonymous....the project has been canceled.
Otherwise, it is unclear whether the author actually learned this info(explicitly) from a source or merely inferred it from other information (i.e., that the Centene designer was ordered to refrain working on it).
The Central Scrutinizer wrote:Do we know that their source isn't respected? To assume that they are wrong sounds like conjecture to me.
I'm not assuming they're wrong. It's just journalistically improper to base something as fact without naming a source. It makes Fox2 look stupid when Centene says the deal is still in negotiations. Clearly the BPV deal is troubled, yet Fox is confusing editorial/opinion with real news. This concept can't be that difficult to wrap one's head around so let's not go in circles, eh.
You can borrow the key if you'd like, but your tax is to make an extra for me.
innov8ion wrote:^ The burden of proof would be in providing a respected source or sources. Otherwise, it's just conjecture and should be passed off as opinion instead of fact. Again, a lack of journalistic integrity. That and learn how to spell Centene. Is the St. Louis market so small that media professionalism is hard to come by at Fox2?
I agree. The author needs to at least state something like this: according to sources (at Centene or Cordish or the City) that wish to remain anonymous....the project has been canceled.
Otherwise, it is unclear whether the author actually learned this info(explicitly) from a source or merely inferred it from other information (i.e., that the Centene designer was ordered to refrain working on it).
But Charles Jaco says our sources, who are close to this project, still tell us they've heard from government officials that the deal is probably dead.
The Central Scrutinizer wrote:Do we know that their source isn't respected? To assume that they are wrong sounds like conjecture to me.
I'm not assuming they're wrong. It's just journalistically improper to base something as fact without naming a source. It makes Fox2 look stupid when Centene says the deal is still in negotiations. Clearly the BPV deal is troubled, yet Fox is confusing editorial/opinion with real news. This concept can't be that difficult to wrap one's head around so let's not go in circles, eh.
To continue the circle... Reporters said Clinton had an affair, but did not name their sources. Clinton denied it.
Substitute Centene for Clinton, and you get the point!
innov8ion wrote:You can borrow the key if you'd like, but your tax is to make an extra for me.
Deal! Leave it in my lift or yours this evening and I'll grab it.
But Charles Jaco says our sources, who are close to this project, still tell us they've heard from government officials that the deal is probably dead.
Which sure as hell contrasts with their initial claim: "FOX 2 News has learned Centene Corporation won't be moving into the new Ballpark Village after all."
The Central Scrutinizer wrote:To continue the circle... Reporters said Clinton had an affair, but did not name their sources. Clinton denied it.
Substitute Centene for Clinton, and you get the point!
Yet they provided evidence, didn't they? Or they said, "alleged affair" until the evidence was brought forth. Again, journalism ethics.
But Charles Jaco says our sources, who are close to this project, still tell us they've heard from government officials that the deal is probably dead.
Which sure as hell contrasts with their quote "FOX 2 News has learned Centene Corporation won't be moving into the new Ballpark Village after all."
Isn't the use of sources implied? No journalist on the planet is going to name a source, or pretty soon they won't have any.