urbanSTL

If the the City was in the County, countians might feel more vested in supporting the stadium as our facility, and not just their facility.


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My barometer from here in county is that countians are heavily for anything MLS. The Scott Gallagher, Slysa, and CYC juggernaut has been awakened. I can't think of any time in recent memory when my social media feeds were more abuzz. It was like October 2011 all over again.

StlToday - Editorial: Soccer stadium joins a wish list for public spending that's $422 million long

http://www.stltoday.com/news/opinion/co ... 275f5.html

moorlander wrote:My barometer from here in county is that countians are heavily for anything MLS. The Scott Gallagher, Slysa, and CYC juggernaut has been awakened. I can't think of any time in recent memory when my social media feeds were more abuzz. It was like October 2011 all over again.

CYC are legion.

Alex Ihnen wrote:I tend to think that support will be found that won't "require" a public vote. I don't image the city would hold a vote is MoDOT/state/fed funds are used to demo/rebuilt the I-64 interchange. Also seems unlikely a precedent would be set for a public vote on TIF. Of course this may all depend on who's mayor.

If they stick to the April vote timeline, it would still be Slay.

Well, we may not have to worry about anything. Apparently Foundry wants to cover the $80 million. ..

http://www.stlsoccerreport.com/home/201 ... city-share

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Wooooooooahhhhhhhhhh.

Yep well that got taken care better than anyone could have hoped


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user28 wrote:Wooooooooahhhhhhhhhh.

Yep well that got taken care better than anyone could have hoped


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Doesn't mean STL SC will accept it. Makes a public vote much harder though if they don't

Doesn't mean STL SC will accept it. Makes a public vote much harder though if they don't

Yep, I pretty much have zero interest in the City giving them money if SC STL turns it down.

pat wrote:

Doesn't mean STL SC will accept it. Makes a public vote much harder though if they don't

Yep, I pretty much have zero interest in the City giving them money if SC STL turns it down.

I'm having very hard doubts about the legitimacy of the foundry group. Based on the "open letter" and how it's an entire slam on the SC STL group then go on to say we'll back it with a non-profit for $80 million. It's obvious that this is completely political and I would say a 1% if SC STL took the deal that the foundry would back out after the ballot measure is removed from the deal. The Foundry is basically doing everything is can to derail the SC STL group. If the Foundry was legitimate they would say who is actually giving them $80 million to offer the deal. That'll never happen

pat wrote:

Doesn't mean STL SC will accept it. Makes a public vote much harder though if they don't

Yep, I pretty much have zero interest in the City giving them money if SC STL turns it down.

$80m is a big ask, but, ultimately, we need a stable, well-funded and well-managed ownership team. I have no idea if the inclusion of Foundry threatens any of that. Given the number of people and personalities already involved in SC, I do worry a bit about too many cooks in the kitchen causing a bit of chaos.

Neither group explains where the money is coming from....

Who is Dan Cordes?
https://www.linkedin.com/in/dan-cordes-9767273

Who is the Foundry?
Cordes, a former executive for Express Scripts, is leading a group of 10 calling themselves Foundry St. Louis.

And who is the money man?

Foundry proposes that this deal would involve 6% ownership by a fan organization, which by itself probably kills the proposal. I don't see MLS going for fan club investors.

According to BizJournal, city officials were expected to present details on proposed public funding next week; I guess that may or may not change depending upon how this latest wrinkle goes.

http://www.bizjournals.com/stlouis/news ... llion.html

moorlander wrote:
And who is the money man?

Rex Sinquefield. This has his horrible dirty hands written all over it lol

pat wrote:

Doesn't mean STL SC will accept it. Makes a public vote much harder though if they don't

Yep, I pretty much have zero interest in the City giving them money if SC STL turns it down.

Some thoughts of mine.

1. Pro Soccer does not get the majority of St. Louisans excited.
2. It's bad public policy to ask for $80M solely from the city, where is the "region" on this?
3. This was going to be a hard vote before this development.
4. Foundry has pretty much blew up this whole process, I cant see this going to a vote now.
5. We still have to spend big money on Scottrade and the Convention center.
6. Thankfully some public officials have mentioned public safety and transit as being bigger priorities for the city and the next public vote will probably involve those.
7. I wish Peacock and gang would have spent this energy trying to secure a NBA team, a dual NBA/NHL stadium or renovation of Scottrade would have been awesome.

Is it a known fact that Rex is involved?

What would be the negatives of his involvement? (I am not familiar with his way of doing business, only his political views)

He's pretty much against any kind of public tax support in general. I honestly don't think it is him but he seems to always want to get involved with St. Louis politics one way or the other

According to the Biz Journal, Jim Kavanaugh is claiming that the Foundry proposal ($80 million) could kill their deal with MLS. It is an article for subscribers only, but here is the link. . . I'm sure he will say that voters will be less likely to vote for the public funding, knowing that all his group would have to do is work with Foundry. This convoluted situation is starting to look like the NFL expansion debacle that cost STL the Stallions. Let's hope we don't screw it up again!!!

http://www.bizjournals.com/stlouis/news ... j=76610711

Kavanaugh says Foundry's offer could put their deal "in jeopardy".

Can someone copy/paste the entire article? Thanks!

The Foundry guys need to stop doing interviews. During the one on 590 today, Frank kept asking pointed questions and they wouldn't answer any of them. The guy sounded clueless. I am really happy that is not the group the MLS picked.