LOL
- 2,631
They don’t stand a chance and they have very little leverage. What are they going to do? Abandon the stadium, four blocks of parking, and Ballpark Village?
That’s the double edge sword of what they’ve created Downtown. The land wouldn’t sell. They can’t just back away slowly or sell it off to some suburban developer.
Board is a solid no. Blues improvements wouldn’t have survived this board. Voters are going to be a solid no. Somewhere close to 75-25 against I would estimate.
That’s the double edge sword of what they’ve created Downtown. The land wouldn’t sell. They can’t just back away slowly or sell it off to some suburban developer.
Board is a solid no. Blues improvements wouldn’t have survived this board. Voters are going to be a solid no. Somewhere close to 75-25 against I would estimate.
“The building itself is pretty secure,” says Clary, a Springfield native. “I tell people, it's kind of like a resort in Mexico, you just don't stray too far from it.”
The article has very little info to match the headline. They “may” ask for money and then goes into a bunch of history with the stadium/downtown. I was expecting to see something a bit more concrete than that based on the headline.GoHarvOrGoHome wrote: ↑Apr 17, 2024St. Louis Cardinals owners plan to ask taxpayers to fund Busch Stadium renovations
Here we go
Agree that there was nothing definite in the article, but it seems like they are floating the idea of something in the $500 million ballpark (pun intended):
For the positive momentum to continue, DeWitt III says Busch Stadium will need a “significant capital infusion” in two to five years. It’s “too early” to detail what the improvements would look like, he says. “Our goal would be to handle whatever back of the house things need to happen and to fix [them], as well as probably create some cool and interesting new features for fans.”
The owners would likely seek public money for that, he adds.
When asked how much such a project would cost, DeWitt III says it would likely be in a similar range to recent Milwaukee Brewers and Baltimore Orioles projects. Those are $500 million and $600 million taxpayer investments, respectively.
Ahh I see that’s towards the bottom. I had given up on reading by that pointrbeedee wrote: ↑Apr 18, 2024Agree that there was nothing definite in the article, but it seems like they are floating the idea of something in the $500 million ballpark (pun intended):
For the positive momentum to continue, DeWitt III says Busch Stadium will need a “significant capital infusion” in two to five years. It’s “too early” to detail what the improvements would look like, he says. “Our goal would be to handle whatever back of the house things need to happen and to fix [them], as well as probably create some cool and interesting new features for fans.”
The owners would likely seek public money for that, he adds.
When asked how much such a project would cost, DeWitt III says it would likely be in a similar range to recent Milwaukee Brewers and Baltimore Orioles projects. Those are $500 million and $600 million taxpayer investments, respectively.
- 2,631
I'll be happier to throw them some additional incentives as soon as they complete their promise of BPV. Three more lots to go fellas! It's only been 20 years.
- 2,056
lol, agreed. Happy to give some big incentives if they can buy up 500 S Broadway, 400 S 9th St, and present something for that parking garage... only after those last three lots!GoHarvOrGoHome wrote: ↑Apr 18, 2024I'll be happier to throw them some additional incentives as soon as they complete their promise of BPV. Three more lots to go fellas! It's only been 20 years.
- 474
Can someone please give me incentives as my insurance premium has gone up by 50%?
The article that caused this stir was a garbage, click-bait filled piece with leading unverified details.
Mission accomplished for the RFT as the social media cesspool drove the tsumani of negativity.
Mission accomplished for the RFT as the social media cesspool drove the tsumani of negativity.
- 474
Anybody know anything about this River City Journalism Fund? Their website makes them seem somewhat reputable but seeding a story like this across multiple outlets (RFT and STLPR, as far as I have found) gives me a bad vibe. This isn't coming from the reporting staff of either outlet, it's basically a paid opinion piece.
St. Louis Cardinals President Bill DeWitt III on Wednesday said it's "premature" to say the team will seek public money for renovations to Busch Stadium, a response to a media report that said such a development was likely.
DeWitt said in an interview with the Business Journal that Busch Stadium will likely need a “big infusion of capital” in the years ahead to extend its lifespan, but that it’s too soon to know if the Cardinals plan to utilize public funding to assist with that future investment.
“It’s going to need that (capital) influx at some point. Nobody is talking about how we’re going to finance yet. It’s so premature to say something remotely implying that we’re out there asking for public assistance,” DeWitt said.
“Why would I be out asking for public money when I don’t even know what I’m asking for yet?” he said. “And I don’t even know if I’m asking for anything.”
https://www.bizjournals.com/stlouis/new ... nding.html
DeWitt said in an interview with the Business Journal that Busch Stadium will likely need a “big infusion of capital” in the years ahead to extend its lifespan, but that it’s too soon to know if the Cardinals plan to utilize public funding to assist with that future investment.
“It’s going to need that (capital) influx at some point. Nobody is talking about how we’re going to finance yet. It’s so premature to say something remotely implying that we’re out there asking for public assistance,” DeWitt said.
“Why would I be out asking for public money when I don’t even know what I’m asking for yet?” he said. “And I don’t even know if I’m asking for anything.”
https://www.bizjournals.com/stlouis/new ... nding.html
- 6,120
Just doing some quick googling. Per Candid's guidestar.org, a website providing information on charities, they used to be known as Before Ferguson, Beyond Ferguson. They seem to be mostly concerned with providing grants to fund independent journalism. If their information is current the chair is Richard Weiss, formerly of the Post Dispatch, and the director is Sarah Fenske, who's Linkedin Page lists her as the managing editor of Big Lou Media. The author of the article is Eric Berger, who is a freelancer that studied at the J-School in Columbia and previously worked at the Jewish Light. I'm inclined to think it is what it says on the tin: an organization that awards grants to support independent journalism. And Berger sounds like the farthest thing from a paid shill. My sister worked for the Jewish Light. They're a good organization. And the Post, far as it has fallen, is at least legitimate and used to be much much better. I've no doubt all of these people have opinions, but it passes the sniff test.Black02AltimaSE wrote: ↑Apr 18, 2024Anybody know anything about this River City Journalism Fund? Their website makes them seem somewhat reputable but seeding a story like this across multiple outlets (RFT and STLPR, as far as I have found) gives me a bad vibe. This isn't coming from the reporting staff of either outlet, it's basically a paid opinion piece.
- 9,558
Team is waiting for costs and rates to improve before moving forward with CW2 and office tower.
Seems like those who prognosticate about these things think rates will start to drop next year. Depending upon what Cordish/Cards are looking for, it could be several years before rates are where they can start to build.
DB, do you have any details on the office tower?
DB, do you have any details on the office tower?
- 2,631
I'd bet if the Cardinals were doing better on the field this season (and last season) we would have renderings by now. They hype for the team was real back when they released phase two renderings. Releasing BPV renderings today would be a bad look for ownership that is being so heavily criticized for half-assing their team construction lately. Whether or not it's justified doesn't matter, that's the prevailing narrative and it will be until the team starts winning again.
- 977
I think it really just comes down to interest rates and costs, as DB pointed out. It just can’t get built in this environment.GoHarvOrGoHome wrote:I'd bet if the Cardinals were doing better on the field this season (and last season) we would have renderings by now. They hype for the team was real back when they released phase two renderings. Releasing BPV renderings today would be a bad look for ownership that is being so heavily criticized for half-assing their team construction lately. Whether or not it's justified doesn't matter, that's the prevailing narrative and it will be until the team starts winning again.
I mean they are putting the Stadium renovation narrative out there with the current state of the team. Thats a far worse look than releasing any renderings.
- 2,929
We're in an elevated interest rate environment because we have sticky inflation that won't drop down to a flat 2.0%, the Fed's primary objective along with maximized employment on a maintainable level. That makes raw materials damn expensive. I'm hopeful the FOMC will cut interest rates later in the year. However, this being an election year, the FOMC is likely to withhold acting until afterwards to prevent the image of them being in any ways politically biased, therefore riding out 2024 until 4Q. The odds of an earlier rate cut hinges on changes to total employment and/or if there's a major change in certain metrics, such as Core PCE, that'll indicate the economy is noticeably slowing down. All we can do is keep our eyes on Fed Chair Jay Powell...
Very glad to hear it's a go once the broader economy can validate new construction. Would think multiple projects are in comparable place.
Very glad to hear it's a go once the broader economy can validate new construction. Would think multiple projects are in comparable place.
- 9,558
Good news is lumber costs are now back to 2019 levels.
- 398
I have heard speculations of a rate change in Q4 at best. Again, speculations.
- 9,558
May get it as early as July. Energy is on way down again, used cars are diving and is housing prices. So May and June inflation reads may be good for the Fed. Goldman has it at 2% in realtime already
Learned today that Rawlings was looking at BPV for its Experience thing they opened at Westport but BPV was asking too much for rent
- 2,419
I know of a similar story with another company here in town. Not able to divulge too much information, but their desire was to go to BPV before hearing what rent would be.
It's a shame BPV couldn't work something out with Rawlings. The two would have made a ton of sense for each other.
It's a shame BPV couldn't work something out with Rawlings. The two would have made a ton of sense for each other.
- 925
The Rawlings experience going out in Westport Plaza is one of the smaller things that has frustrated me way over the top in a while.RockChalkSTL wrote: ↑Jun 20, 2024I know of a similar story with another company here in town. Not able to divulge too much information, but their desire was to go to BPV before hearing what rent would be.
It's a shame BPV couldn't work something out with Rawlings. The two would have made a ton of sense for each other.
For Rawlings, it made way more sense to be downtown financially. It looks awesome and would have been great at BPV. Would also give downtown “destination retail”. It would have added so much and been popular. In all their promos, they are literally showing the arch, Busch Stadium, cardinals players, yet it’s a 30 minute drive from the stadium.
So now I’m even more frustrated that they didn't work it out. This is one that BPV should have conceded to a friendly agreement for a couple years knowing it would be successful and Rawlings would want to stay. Now they did that whole build out and will be out there forever. I’m sorry but no real attraction should be out at Westport Plaza. Sure, it can be a nice little mixed development with some restaurants, offices, hotels, apartments eventually but not home to the flagship store of the largest baseball company in the world when we have a baseball oriented development complex in our downtown.
On another note, anyone have info on the Cupples wedge lot next to metrolink station? I’ve been seeing people out there doing some kind of assessments on it.