JEFFERSON CITY • The Missouri Development Finance Board approved on Tuesday $15 million in tax credits this year for the proposed riverfront football stadium in St. Louis. It is the first step toward $50 million from the agency over three years.
Board Chairwoman Marie Carmichael urged passage, saying the money won't be sent to new stadium planners until the board is assured the credits are a good deal for the state.
"There are ample protections for our investment," said Carmichael, an appointee of Gov. Jay Nixon. "All the ducks have to be in order, all the stars have to be aligned.