Maybe we can pass a 1% income tax on all convention visitors.CarexCurator wrote:Half => $250 million. Not bad!
Seriously St. Louis city can't pay for a convention center, an MLS stadium, and practically a new hockey stadium. Not one of these and certainly not all three.
This is madness.
Some of the legislature has apparently been considering whether the state should just stop paying their annual payments on the Dome as is. So yeah, I can't see this getting support.roger wyoming II wrote:^ I doubt there will be much support from the state for this; and we'll be lucky if we get County on board with half.
St. Louis city could. Maybe not by utilizing all of the same financing methods. But they wont.CarexCurator wrote:Half => $250 million. Not bad!
Seriously St. Louis city can't pay for a convention center, an MLS stadium, and practically a new hockey stadium. Not one of these and certainly not all three.
This is madness.
My guess is it would be used to pay down the original debt of the dome construction and to pay off the $16 million or so the City/CVC spent planning a stadium the NFL knew was never going to get built. Still it's not likely the interested parties will receive anywhere near the $175+ million this expansion will cost. I'd say if they're lucky they'll get enough to pay off the remaining debt, but I still kinda think that's a long shot...fingers are crossed though!southcitygent wrote: Does anybody know if we win the lawsuit against the Rams who will get the money and what it might be used for? I can't help but think there could be a potential windfall that might be more than cover the cost of this expansion expansion, or provide additional upgrades .
Given all that I don't see where $200 million seems obnoxious. Especially tearing down the garage and building the needed ballroom area expansion.sc4mayor wrote: ↑Feb 20, 2020^ The addition along Cole Street would require the demolition of a parking garage and the addition of 26 new loading docks and reorienting the current 12 so they don’t block the street. It would also add a new “art wall” and some sort of screening around the loading docks. A new ballroom would be built, which would require the reconfiguration and internal demolition of several existing spaces. A new kitchen and other back of house services would be rebuilt. In addition to the new park the Washington Avenue entrance is supposed to be remade and renovated as well. I’m sure plenty of other internal improvements are on the list to. I know improving access between the dome and the convention center was a priority at one point, I’m sure that’ll be addressed. Didn’t help that it basically got delayed a year too...I’m sure the cost ticked up a bit during that delay.
I could be wrong but I think that figure also includes the amount still owed on the dome. I believe they are still 10 years remaining on that debt.quincunx wrote: ↑Feb 20, 2020StlToday - $210 million bond issue for convention center finally moving ahead
https://www.stltoday.com/business/local ... 251e4.html
This is also how I understand it. They are just continuing the 6 mil dollar payments to pay off the new convention center renovations once the dome is paid off next year.Tim wrote: ↑Feb 20, 2020^^ The article notes that the current dept on the Dome will be paid off next year.
Correct me if I'm wrong but the garage on 6th Street lives on, yeah?dweebe wrote: ↑Feb 20, 2020That goodness that parking garage is finally going away.
This shouldn't have anything to do with the dome. After next year it will be paid off. No need to bail it out.MarkGroth2020 wrote: ↑Feb 21, 2020I'm sure it was covered previously in this thread, but this seems like a waste of money. We continue to dump money into visitor experiences...luring in people who visit for a matter of days. Imagine this kind of money invested in our neighborhoods for people who live here every day. I get tourism is important; but I'd argue people/buildings that house residents DT is a better investment. I understand this dome was a horrible deal and we're trying to bail it out...
From the article:roger wyoming II wrote: ↑Feb 18, 2016Consultant's report recommends doubling space:
http://www.stltoday.com/business/conven ... witterfeed
I'm very skeptical that's the right move.
No...the Dome wasn't built for the Rams. Bad Jacob. Go back to your corner...The city and county will each pay $6 million a year from hotel taxes for 40 years. Those payments now service the debt on the Dome at America’s Center, built for the NFL Rams when they played here. That debt will be paid off next year.
I disagree. In order to have a vibrant downtown you need to a modern up to date convention center. We are losing all the large conventions to cities like Indy, Nashville etc becauseMarkGroth2020 wrote: ↑Feb 21, 2020I'm sure it was covered previously in this thread, but this seems like a waste of money. We continue to dump money into visitor experiences...luring in people who visit for a matter of days. Imagine this kind of money invested in our neighborhoods for people who live here every day. I get tourism is important; but I'd argue people/buildings that house residents DT is a better investment. I understand this dome was a horrible deal and we're trying to bail it out...
I agree that we need to compete with other cities. And, this will help fill the increase in downtown hotels. Friends who work downtown have shared with me the increase in business during conventions.Rooster wrote: ↑Feb 21, 2020I disagree. In order to have a vibrant downtown you need to a modern up to date convention center. We are losing all the large conventions to cities like Indy, Nashville etc becauseMarkGroth2020 wrote: ↑Feb 21, 2020I'm sure it was covered previously in this thread, but this seems like a waste of money. We continue to dump money into visitor experiences...luring in people who visit for a matter of days. Imagine this kind of money invested in our neighborhoods for people who live here every day. I get tourism is important; but I'd argue people/buildings that house residents DT is a better investment. I understand this dome was a horrible deal and we're trying to bail it out...
our convention center is out of date.
Without a vibrant convention business most of the hotels downtown would shutter IMO.
Do you mean the 7th Street Garage? I though the previously mentioned ballroom expansion required the demolition of that garage? Like one of the biggest flaws with the current setup in the convention center wraps around that garage and the ballroom area is too small.
