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Officials don’t have to spend the more than $500 million quickly because the money has fewer strings attached to it compared to other recent influxes of cash.
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Some members of the panel, widely known as the RSA, wanted to place much of the $519 million in an account and possibly use interest to fund long-term projects that would help St. Louis and St. Louis County.
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St. Louis gets the biggest share of the $519 million settlement — $280 million — with the rest going to St. Louis County and the board overseeing the Dome at America’s Center.
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Some want to place the Rams settlement into an account that can earn more money and pay for regional projects. But questions remain about the legality of such a move.
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The previous team in St. Louis played as the BattleHawks, but team names were not announced Sunday.
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A new investigation by the St. Louis Post-Dispatch reveals how Rams owner Stan Kroenke and the NFL worked together to secure the team’s relocation to Los Angeles.
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St. Louis County, city and the sports and convention commission have to figure out how to divide about $500 million.
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Attorneys Catherine Hanaway, Eric Banks and Bill Freivogel join this month's Legal Roundtable on "St. Louis on the Air."
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Nicole Gorovsky, Yinka Faleti and Dave Roland discuss litigation over the Rams’ departure from St. Louis and more during the Legal Roundtable on "St. Louis on the Air."
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Former Missouri Appellate Judge Booker Shaw discusses the latest Hail Mary attempt by Stan Kroenke and the NFL to move their trial out of St. Louis, and the “extraordinary” writ of petition they’ve filed with the appeals court.