Seven years and two false starts later, the long-delayed Ballpark Village has gotten approval from the state of Missouri.
Today's nod from the Missouri Development Finance Board allows the St. Louis Cardinals and the site's developer, the Cordish Companies, to sell $17 million worth of bonds, which will fund the infrastructure at the 10-acre site.
Officials with the St. Louis Cardinals say construction should begin on the much-delayed Ballpark Village by this coming fall.
The $100 million project received support Thursday from the Missouri Downtown Economic Stimulus Authority—known as MODESA.
MODESA’s support frees up $17 million in bonds set to expire by the end of the year—a fact which has the Cardinals, their developer Cordish Co. and the City of St. Louis moving quickly to clear these last few hurdles.