Scottrade Center

St. Louis Board of Aldermen President Lewis Reed presides over Friday's session of the Board of Aldermen.
Jason Rosenbaum I St. Louis Public Radio

St. Louis aldermen gave their stamp of approval Friday for two major public investments in sports-related facilities.

A representative from HOK shows renderings of a proposed soccer stadium. (Feb. 2, 2017)
Jason Rosenbaum | St. Louis Public Radio

An aldermanic committee backed a financial plan spelling out how St. Louis would help pay for a professional soccer stadium – if it comes to fruition.

The Board of Aldermen’s Ways and Means Committee approved the financial plan on Wednesday evening. Many of the details have already been publicly laid out: If two ballot initiatives are placed on a ballot by a judge and pass, about $50 million in a use tax increase could go toward the stadium. The city would also contribute up to $10 million from 50 percent of the sales tax revenues generated in the project site.

A rendering of the proposed St. Louis soccer stadium.
HOK

It looks increasingly likely that St. Louis voters will see two tax-related measures on the April ballot.

In a rare Monday meeting, the St. Louis Board of Aldermen gave initial approval to a proposed half-cent increase in the sales tax. The second measure would direct the resulting increase in the use tax to a proposed Major League Soccer stadium near Union Station.

Scottrade secured the naming-rights for the home of the National Hockey League's St. Louis Blues in 2006.
.bobby | Flickr

On Friday’s "Behind the Headlines" on St. Louis on the Air, we discussed the top stories of the week with those who brought a little more in-depth knowledge to them.

On this week’s program, we discussed:

The Monsanto-Bayer acquisition with Robb Fraley, Monsanto’s Executive Vice President and Chief Technology Officer

St. Louis Blues Chairman Tom Stillman and Lewis Reed, president of the St. Louis Board of Aldermen, leave the stage after presenting their ideas for improvements to the Scottrade Center.
Bill Greenblatt I UPI

Some of St. Louis’ top officials are signing onto a large-scale renovation of the Scottrade Center, a facility that’s home of the St. Louis Blues and dozens of musical and sports-related events.

The plan comes as the owner of the Blues warns that the city could start losing lucrative events without the partially taxpayer-funded proposal.

Scottrade was founded in Arizona in 1980 and moved to St. Louis roughly one year later.
Scottrade Facebook Page

Updated Oct. 24 at 4:20 p.m. with reaction

Another major St. Louis-based company is being sold. Scottrade has announced a $4 billion deal to be acquired by TD Ameritrade. The financial services company has been based in St. Louis since 1981.

Scottrade secured the naming-rights for the home of the National Hockey League's St. Louis Blues in 2006.
.bobby | Flickr

In our weekly "Behind the Headlines" segment, “St. Louis on the Air” host Don Marsh discussed several of the top news stories that caught St. Louisans’ attention this week, with the people that produced them and influenced them. 

Here’s what we talked about, including:

Scottrade secured the naming-rights for the home of the National Hockey League's St. Louis Blues in 2006.
.bobby | Flickr

With the St. Louis Rams splitting for California, some policymakers want to spruce up the Scottrade Center and the city’s convention center. And St. Louis County could play a role in chipping in for expensive renovations.

Scottrade secured the naming-rights for the home of the National Hockey League's St. Louis Blues in 2006.
.bobby | Flickr

The NCAA is bringing eight sports championships to the St. Louis area over the next five years. The collegiate athletic association announced a package of playoffs Wednesday that St. Louis will host between 2015 and 2018.

The St. Louis Sports Commission prepared the city’s successful bids. Vice President of Events Chris Roseman says NCAA athletes will be competing at numerous venues across the metro area.

UPI/Bill Greenblatt

A former college hockey player who says he's been a Blues fan since moving to St. Louis 20 years ago is the new lead owner of the franchise.

The St. Louis Blues officially unveiled Tom Stillman, the chairman and CEO of Summit Distributors, on Thursday. The National Hockey League approved the sale on Tuesday, and the deal closed on Wednesday.

(UPI/Bill Greenblatt)

Jamie Langenbrunner and David Perron scored two goals in 45 seconds, and Andy McDonald added an empty-net insurance tally late in the third period as the St. Louis Blues won their first playoff series in a decade, beating the San Jose Sharks 3-1 in front of a standing-room-only crowd at the Scottrade Center.

(Alex King/St. Louis Public Radio)

This weekend's NCAA Wrestling Championships at the Scottrade Center in St. Louis sold out for the first time in the event's 82-year history. The event is expected to break its all-time attendance record with over 110,000 fans in attendance.

This is the sixth year St. Louis has hosted the tournament. NCAA associate director of championships Jeff Jarnecke says St. Louis is a great place to host the event.

(Rachel Lippmann/St. Louis Public Radio)

The St. Louis Blues are for sale for the second time in six years, and a local economics professor says St. Louis' status as a mid-level market may have contributed to the move.

Team chairman Dave Checketts put the team up for sale Wednesday night when he could not reach a deal to purchase the 70 percent owned by an investment management firm.