ST. LOUIS • The office of Mayor Francis Slay has committed to giving about two-thirds of the city taxes generated by a new riverfront football stadium to the team that plays there, according to legislation sent to aldermen on Wednesday.
Mayoral aides and Gov. Jay Nixon’s task force spent hours on Tuesday rewriting key financial provisions of the bill before sending it to the Board of Aldermen, with hopes that the deal is generous enough to keep a National Football League team in St. Louis.
Rather than a yearly $6 million bond payment, the new bill would reduce payments in early years to $4.