CVC Gives Rams List Of Public Funding Sources For Edward Jones Dome

The money to renovate the Edward Jones Dome could come "partly from higher fees for tickets and parking," according to Matthew Hathaway of the ST. LOUIS POST-DISPATCH. Those are "among the possible sources of public funding listed in a financial plan" the St. Louis Convention & Visitors Commission, which manages the Dome, has sent to the Rams. The plan is meant to "explain how to pay for $124 million in renovations to the Dome." It lists a ticket surcharge and the "creation of a new parking district, with a vehicle surcharge, as options." The plan also lists "bond refinancing, tax credits and tapping the reserves of the Dome's owner as other options." The one-page financial plan, however, is "short on specifics and does not list how much money each source of public funding would generate." It lists "only the total they would bring in: $59.5 million." The CVC "wants the Rams to pay for $64.5 million of the renovation costs." Officials said that they did "not list specifics or dollar amounts because the document was not meant to be a detailed financial analysis." They added that the idea was "simply to show the Rams that there are a variety of public funding options available." Hathaway notes "no decisions have been made on how much a ticket surcharge would be." The city "already charges a 5 percent amusement tax on Rams tickets" (ST. LOUIS POST-DISPATCH, 2/3).