Concern with Edward Jones Dome renovation proposed by the Rams:
Rainford said that in addition to the projected $700 million cost, the dome would have to be closed for up to three years to make the improvements. Because the dome is part of the convention center, the city would also stand to lose $500 million in convention revenue, he said.
Solution:
The convention expansion would be built before the Dome renovation proposed by the Rams allowing St. Louis to keep its conventions and not losing $500 million in convention revenue. Once the expansion is complete start the renovations to the Dome when the NFL season is over in late January/February. For example if the convention expansion is complete in Feb. 2017 or 2018. The renovated Rams Stadium could be finished for the 2019 or 2020 season.
Solution that works for the St. Louis Region, Taxpayers, and Rams:
Develop the land north of the Dome aka. Bottle district. Expand the convention by 300,000 square ft. The expansion would include concepts from the original bottle district proposed by Daniel Libeskind and Afshin Ghazi with a mixture of convention space retail and entertainment. Instead of three towers build one large tower for residential and hotel space. (
http://www.urbanplanet.org/forums/index ... enderings/)
Why spend invest money in this project?
The convention center expansion would increase our convention space 1 million square feet putting St. Louis in the Top in conventions center space. larger convention center space will allow St. Louis to get more conventions that will generate more revenue for the city (region) and state.
What kind of events would this convention expansion attract?
Rams games of course Super bowl, Final four (every five years ??), MLS team, SEC championship, Soccer friendly’s (ex. Bosnia and Italy ), National Democratic and Republican conventions. Will attract top conventions in the country ex. National Science conventions such as American Association for Cancer Research (AACR ) and top biotechnology conventions which coincides with central corridors vision as a leader in biotechnology in US.
How much will convention expansion cost?
Between 1-1.2 Billion dollars Approx. 700-800 million for the renovation of the Dome rest ($ 300-400) spent on the expansion of convention center. (residential and hotel space, entertainment, large parking lot)
Benefits for the St. Louis Metro region.
• Would complete/ complement the 2.5 Billion dollars in the revitalization of downtown St. Louis.
• Will increase the population of downtown St. Louis.
• Will make downtown St. Louis a 24hr place.
• Will give the 4 million tourists visiting the Arch more options when exploring St. Louis.
• Would give the best sport fans in the world another place to watch their local teams (Rams, Cardinals, Blues, MLS team?)
• Will allow the expansion of businesses in north downtown STL around the new Stan Musical Bridge i.e. a nice park for rams tailgating along with residential development.
• Creates jobs, jobs, jobs (construction, retail, restaurants)
Who pays for the expansion project?
• NFL $ 200 million G-4 loan
• State and local government $ 400-500 million (increase taxes on cigarettes, hotels, rental car, lottery, and money generate from parking lots built around site of the stadium/convention (30,000 parking spots) $15-20 on events days. Approx. $ 600,000 for one event !!!! 50-100 events a year (i.e. Rams Cardinals, Blues, MLS team, Final four conventions people just visiting STL ) approx. 30-60 million a year from parking alone !!!!
• Rams $ 400-500 million give Kronke land part of the Bottle district to develop
Why do we need this project for the greater St. Louis region?
There is no way that cities like Nashville, Louisville, Austin, and Charlotte should have bigger convention centers than St. Louis.
http://www.statista.com/statistics/2551 ... d-by-size/
Some ideas for bottle district:
Rain forest café , ESPN Zone, Residential/ Retail and Entertainment