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DOME DEADLINE COULD PROVE LUCRATIVE FOR RAMS
Published July 6, 1995
The Rams could collect "millions of dollars" from FANS Inc. if the new St. Louis dome is not ready for the team's first two games scheduled there (October 22 & November 12), according to Lorraine Kee of the ST. LOUIS POST-DISPATCH. Those terms are in the closing agreement signed last week after the Rams sought "assurances" that the $260M stadium would be completed on time. The only "extenuating circumstances" would be a major fire, severe weather, an earthquake or "war, civil riot or insurrection." According to FANS Inc.'s Thomas Eagleton, the Rams "felt they were at a significant risk if the stadium wasn't completed on time." The team reportedly sought a sum "considerably larger" than $1M, but it was "negotiated downward." The Rams also sought and received guarantees on the sale of luxury boxes and club seats. FANS must sell 95 luxury boxes by August 31. FANS has already sold 75. If they do not, the St. Louis Convention and Visitors Commission will have to pay for each vacant suite for five years and each vacant club seat for three years, or until sold (ST. LOUIS POST-DISPATCH, 7/6).