Quote:
Originally Posted by The Ditch
The Rams are leaving St Louis and....
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Dave Hogg
@Stareagle
Edward Jones Dome was built in 1995. Missouri still owes $72 million in stadium bonds, while St. Louis city and STL county owe $36M each.
Public funds for stadiums are among the dumbest things you can do with public money.
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The only thing that this shows is that the city and state negotiated a bad deal. If you are putting up money for a project like that, it seems pretty straight-forward that you would include a provision that locks the tenant in for the life of the loan.