BB130 to allocate $30M of the Rams money to the convention center since delays have driven up costs.
https://www.stlouis-mo.gov/government/c ... BBId=14151
https://www.stlouis-mo.gov/government/c ... BBId=14151
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Not enough funds to finish downtown St. Louis convention center expansion, leader says
https://www.bizjournals.com/stlouis/news/2022/12/20/not-enough-funds-finish-convention-center-expansio.htmlEven if the city of St. Louis contributes $30 million in Rams settlement funds to the downtown convention center expansion project, it still will not have enough money for completion, the leader of St. Louis' tourism agency said Tuesday.
Explore St. Louis President Kitty Ratcliffe, at a meeting of the St. Louis Municipal Finance Corp., blamed St. Louis County's delay in issuing bonds for the America's Center project, which has been planned for years.
"The first part of the project, we have the funds to complete it, it will be completed, but it ate into funds we had for project two," Ratcliffe said. "We don't have enough funds in place right now for project two. The additional funds from the NFL settlement, that will help us with cost overruns, but it's still not enough."
Bob Clark predicted this.airforceguy1 wrote: ↑Dec 20, 2022Not enough funds to finish downtown St. Louis convention center expansion, leader sayshttps://www.bizjournals.com/stlouis/news/2022/12/20/not-enough-funds-finish-convention-center-expansio.htmlEven if the city of St. Louis contributes $30 million in Rams settlement funds to the downtown convention center expansion project, it still will not have enough money for completion, the leader of St. Louis' tourism agency said Tuesday.
Explore St. Louis President Kitty Ratcliffe, at a meeting of the St. Louis Municipal Finance Corp., blamed St. Louis County's delay in issuing bonds for the America's Center project, which has been planned for years.
"The first part of the project, we have the funds to complete it, it will be completed, but it ate into funds we had for project two," Ratcliffe said. "We don't have enough funds in place right now for project two. The additional funds from the NFL settlement, that will help us with cost overruns, but it's still not enough."
Bob Clark had a much better plan too. Not sure how feasible that one was though.goat314 wrote:Bob Clark predicted this.airforceguy1 wrote: ↑Dec 20, 2022Not enough funds to finish downtown St. Louis convention center expansion, leader sayshttps://www.bizjournals.com/stlouis/news/2022/12/20/not-enough-funds-finish-convention-center-expansio.htmlEven if the city of St. Louis contributes $30 million in Rams settlement funds to the downtown convention center expansion project, it still will not have enough money for completion, the leader of St. Louis' tourism agency said Tuesday.
Explore St. Louis President Kitty Ratcliffe, at a meeting of the St. Louis Municipal Finance Corp., blamed St. Louis County's delay in issuing bonds for the America's Center project, which has been planned for years.
"The first part of the project, we have the funds to complete it, it will be completed, but it ate into funds we had for project two," Ratcliffe said. "We don't have enough funds in place right now for project two. The additional funds from the NFL settlement, that will help us with cost overruns, but it's still not enough."
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This is why St.Louis is where it’s at now. A complete brand new convention center made the most sense for St.Louis’s future rather than the patch & stitch convention we have now cutting off our street grid. They were thinking right now rather than being smart & waiting till the time was right to do it & rushing it. I liked Bob Clark’s idea of a complete brand new & restoring the street grid.
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Clarks ridiculous plan would have cost $800,000,000 in 2021 and probably well over a billion by now when drawings would just be finishing up. He offered no solutions to pay for it
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so is there a link to what constitutes phase 1 vs. phase 2
edit* I guess it's in the text, not too hard to visualize. The fct that the ballroom is not included in phase 1 is a little maddening since that was always one of the big things they would point to as a deficiency of the CC to justify the expansion.
it was always
-loading docks
-lack of exhibition space
-insufficient ballroom space
there was a lot of talk about the amphitheater as an issue early on but this reno didn't even plan to deal with that anyway.
edit* I guess it's in the text, not too hard to visualize. The fct that the ballroom is not included in phase 1 is a little maddening since that was always one of the big things they would point to as a deficiency of the CC to justify the expansion.
it was always
-loading docks
-lack of exhibition space
-insufficient ballroom space
there was a lot of talk about the amphitheater as an issue early on but this reno didn't even plan to deal with that anyway.
Phase 2: ballroom, events plaza, cosmetic upgrades to the exteriorSTLEnginerd wrote:so is there a link to what constitutes phase 1 vs. phase 2
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Remember y'all, the issue is not which plan to follow...
The issue is the delay in starting; caused by local politics; leading to higher raw materials costs; leading to this cost-overrun.
The issue is that no one in the decision-making process took account of inflation, even as it was peaking in June and has been the biggest business story of the year. Or worse, they only considered it as a political football to further an agenda while hurting the bigger, shared objective.
The issue is the delay in starting; caused by local politics; leading to higher raw materials costs; leading to this cost-overrun.
The issue is that no one in the decision-making process took account of inflation, even as it was peaking in June and has been the biggest business story of the year. Or worse, they only considered it as a political football to further an agenda while hurting the bigger, shared objective.
One wonders if the County Council had nine members with two from the city might things progressed more quickly.
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The domino effect from greedy scumbag blitz cashing out on the lawsuit really coming home to roost now.
^ Yeah, the County Council delaying issuing its bonds 8 months after the city did (thereby delaying the start of construction by 8 months) played no role. /s
Amazing that people think the agreed upon settlement terms are to blame here and not the county politicians that literally held this up for more than half a year. How the f*ck does Blitz even play into this lol?
Amazing that people think the agreed upon settlement terms are to blame here and not the county politicians that literally held this up for more than half a year. How the f*ck does Blitz even play into this lol?
What a mess thanks to the county's foot dragging.
Stltoday - St. Louis convention center's second phase not moving forward without more money, officials say
https://www.stltoday.com/business/local ... 78637.html
Stltoday - St. Louis convention center's second phase not moving forward without more money, officials say
https://www.stltoday.com/business/local ... 78637.html
Heard-Days should be recalled for this. Not only has her ineffective posturing NOT secured her precious athletic facility in North County, its essentially killed the second half of the convention center project and…should it be completed…will cost St. Louis taxpayers nearly an additional $90 million.
Utter shame her constituents were hoodwinked into voting her into a second term. She’s useless.
Utter shame her constituents were hoodwinked into voting her into a second term. She’s useless.
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Seconded.sc4mayor wrote: ↑Feb 03, 2023Heard-Days should be recalled for this. Not only has her ineffective posturing NOT secured her precious athletic facility in North County, its essentially killed the second half of the convention center project and…should it be completed…will cost St. Louis taxpayers nearly an additional $90 million.
Utter shame her constituents were hoodwinked into voting her into a second term. She’s useless.
Talking Rams settlement dollars and the convention center I don't understand why city leadership wouldn't see the extra funds as means to plug the gap on getting Convention space phase II underway. The city by far is the bigger benefactor of conventions and the added visitors that fills downtown hotel rooms and restaraunts as well as tax coffers and the jobs that go along with those establishments. Heck, split the Ram's settlement into Convention space/Dome upgrades and the rest for affordable housing in downtown/near northside.
My two cent opinion and impression is city leadership is eyeing Ram's settlement as nothing more than a big political slush fund to hand out and it will be gone soon enough without any long term investment, or an economic benefit to the city or its residents for years to come. but hey, some utility bills will get paid, cars will be bought and Amazaon/Walmart/Target maybe will take the effort to say thankyou.
My two cent opinion and impression is city leadership is eyeing Ram's settlement as nothing more than a big political slush fund to hand out and it will be gone soon enough without any long term investment, or an economic benefit to the city or its residents for years to come. but hey, some utility bills will get paid, cars will be bought and Amazaon/Walmart/Target maybe will take the effort to say thankyou.
I think they’re wise to apply pressure and wait this one out. Isn’t most of the remaining work a park/plaza and exterior? The orgs involved could pull in a big corporate sponsor for $5 to 10m.
Also, its the county’s fault the project is so over budget. County failed at the most critical moment in recent credit market history. They should be offering 50/50 at least.
The Rams funds are no strings attached. As a non-St. Louis resident, I was going to be disappointed if it was spent on an already planned and funded project. Especially one that considered little community feedback outside of political scrutiny.
Also, its the county’s fault the project is so over budget. County failed at the most critical moment in recent credit market history. They should be offering 50/50 at least.
The Rams funds are no strings attached. As a non-St. Louis resident, I was going to be disappointed if it was spent on an already planned and funded project. Especially one that considered little community feedback outside of political scrutiny.
Lol. Disregard, didn’t realize they had already done it. Damn.
St. Louis allocates another $30M for convention center expansion
https://www.bizjournals.com/stlouis/new ... enter.html
St. Louis allocates another $30M for convention center expansion
https://www.bizjournals.com/stlouis/new ... enter.html
As a point of comparison, I just can't imagine this working out well for Indy. For a convention hotel, excessive use of tax $$ in my opinion.
City to take over financing of $510M hotel at Pan Am Plaza
https://www.ibj.com/articles/city-to-ta ... n-am-plaza
City to take over financing of $510M hotel at Pan Am Plaza
https://www.ibj.com/articles/city-to-ta ... n-am-plaza
This is troubling and puzzling… it appears that St. Louis is the only city to get canceled. Does anyone know the backstory?
St. Louis Business Journal:
Fan Expo St. Louis, ‘comic con’ convention previously known as Wizard World, canceled permanently
https://www.bizjournals.com/stlouis/news/2023/05/05/fan-expo-convention-canceled-wizard-world-comiccon.html
St. Louis Business Journal:
Fan Expo St. Louis, ‘comic con’ convention previously known as Wizard World, canceled permanently
https://www.bizjournals.com/stlouis/news/2023/05/05/fan-expo-convention-canceled-wizard-world-comiccon.html
In April 2023, the Ben Hur Construction Company installed the last piece of roof truss steel above the facility, marking a major milestone for the project that capped off the new, 72,000-square-foot exhibit space. This state-of-the-art amenity is one of many project components that promises a bright future for America’s Center Convention Complex, enabling the city to better position itself to compete for big-time conventions and meetings – and serve as a major economic driver for downtown St. Louis and the entire region for decades to come.
In addition to the 72,000 square-foot exhibit hall, the AC Next Gen project includes a refreshed, LED-lit Washington Avenue entrance, outdoor greenspaces, expanded and enhanced loading docks, a food garden with fresh produce and the 67,000-seat multi-purpose Dome stadium.
https://www.laduenews.com/business/conv ... p-homepageYet work will continue on the expansion beyond the 2024 launch date. Explore St. Louis is actively engaged in working to secure financial commitments for a second phase of construction, which would add a 61,000-square-foot ballroom to the facility – making it one the biggest ballrooms in the United States – as well as a 14,000-square-foot kitchen.
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So the new MSG Sphere in Las Vegas has 1.2 million LEDs on the outside.
https://en.as.com/videos/video-las-vega ... s-viral-v/
So what if we created a ceiling in our dome attached to the lowest beams in the dome. Then add LEDs to program the ceiling to anything we want. We could make it a nighttime sky, a blue sky with clouds, or a view of the Dallas Jerry Dome roof. Even a live view of the sky above the dome. Imagine that being programmed for concerts.
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https://en.as.com/videos/video-las-vega ... s-viral-v/
So what if we created a ceiling in our dome attached to the lowest beams in the dome. Then add LEDs to program the ceiling to anything we want. We could make it a nighttime sky, a blue sky with clouds, or a view of the Dallas Jerry Dome roof. Even a live view of the sky above the dome. Imagine that being programmed for concerts.
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