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State set to approve stadium tax credits

JEFFERSON CITY • The Missouri Development Finance Board is set to vote Tuesday on $15 million in tax credits for the proposed riverfront football stadium in St. Louis. The board's executive director, Bob Miserez, has recommended approval of this year's request, the first of $50 million over three years.

The public entity that owns the Edward Jones Dome, where the St. Louis Rams now play, is funding plans to build the $998 million stadium. It applied for the tax credits in July.

That application showed that the Dome authority and Gov. Jay Nixon's stadium task force anticipate paying for the stadium with $450 million from the National Football League and team, $201 million in bond proceeds from the state and the city of St.