Bondholders Tell Judge Prop A Should not Apply to Stadium
By Kevin Lavery, KWMU
St. Louis – A St. Louis County judge heard testimony Tuesday on a case involving Proposition A. That measure requires a public vote before the county spends tax money on sports facilities.
The plaintiffs don't want Proposition A to be retroactively applied to the bonds they purchased for a new Cardinals stadium before the measure was approved.
Their attorney says the hotel-motel tax St. Louis County approved in 1989 already provides the financing mechanism for the bonds.
But Christine Hart, who represents a group opposed to public stadium financing, says requiring a public vote on payments does not conflict with that provision.
"That tax does not supersede the right of the voters to have a say-so as to whether the county coffers are opened up to make these bond payments."
Judge Barbara Wallace is reviewing the case, and has not indicated when she may make a ruling.