Wed June 27, 2012
Committee greenlights revised Ballpark Village proposal
The Cardinals are one step closer to making Ballpark Village a reality. A St. Louis Board of Aldermen committee voted Wednesday to move forward with revised development and financing plans.
Cardinals president Bill DeWitt III made his case for the city’s support before the Housing, Urban Development and Zoning Committee.
“It’s a $100-million project – cost – and 100,000 square feet of retail entertainment," DeWitt said. "The concepts we’re going to debut and that will be anchors here will be the Cardinals Nation restaurant and bar. There’s a hall of fame and a museum as part of that.”
The plan calls for $17 million of the project to be covered in tax-backed bonds. Dewitt says $12 million of that would come from the city, and five million from the state. The proposal includes plans for a team hall of fame, a themed restaurant and an Anheuser-Busch-sponsored beer garden.The plan now goes before the full board for final approval.