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St. Louis Approves Financing of New Football Stadium: Latest Comments, Reaction

St. Louis' push to keep the Rams—or at least an NFL franchise—in the city scored a win Thursday, as the aldermanic Ways and Means Committee approved a financing plan for a new $1 billion stadium.

According to Jim Salter of the Associated Press, the full board will not vote on the plan until at least next week. The committee is expected to discuss the plan Friday.

Under the proposal, the city of St. Louis will cover $150 million of the plan, with the Rams (or another NFL team) pitching in $250 million.