SBD/January 20, 2011/Facilities

Cardinals Offer New Details Of Revamped Ballpark Village In St. Louis

Ballpark Village will house 100,000 square feet of retail space, including Cardinals HOF
Cardinals President Bill DeWitt III and Cordish Co. yesterday offered the first public details of their revamped Ballpark Village project, promising the "premier office building in the region," according to Tim Logan of the ST. LOUIS POST-DISPATCH. In addition to the 12- or 13-story office complex near Busch Stadium, Ballpark Village will "house 100,000 square feet of retail space, including a Cardinal Nation-themed restaurant, Cardinals Hall of Fame, restored street grid and space for outdoor events." The buildings would "fill only two of the seven city blocks to be carved from the 10-acre site," while the rest would "become surface parking lots, saved for possible development in later project phases." The Cardinals are "only promising to build the first phase," and that likely "will mostly be filled by a company already downtown: Stifel Financial Corp." Stifel has "not confirmed that it will move to Ballpark Village," but the company has "long been linked to the project as both a financial partner and potential tenant." St. Louis Mayor Francis Slay, a supporter of the project, yesterday said it "will contribute to downtown's vitality." But Logan notes "some worry that the $155 million project, which would receive at least $57 million in public subsidies, might simply shuffle shoppers and workers around downtown and blow new holes in a still-fragile business district" (ST. LOUIS POST-DISPATCH, 1/20).
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