And yet 20 years into the life of the stadium they were 140 million in debt on an initial 280 million dollar injection
Funny how that works. Strange economic benefit. No matter how desperate you are for the numbers to work, they just don't, sorry.
Quote:
To cover costs, the city paid about $6 million for annual debt service and maintenance for the stadium but collected only about $4.2 million in direct revenues from Rams games, according to the Mayor's office. The state, which paid $12 million annually, made $12.4 million in revenues from NFL activities, Missouri Department of Economic Development estimated. The county paid $6 million annually; it's unclear how much of that was offset by Rams-related revenues.
All three entities will continue paying their share until the debt is paid off in 2021.
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http://www.reuters.com/article/us-sp...-idUSKCN0VC0EP