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Thread: CVC Delivers Plan Today In Effort To Keep Rams In St. Louis

  1. #1
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    CVC Delivers Plan Today In Effort To Keep Rams In St. Louis

    CVC delivers dome plan today in effort to keep Rams in St. Louis

    BY MATTHEW HATHAWAY
    Wednesday, February 1, 2012

    ST. LOUIS • The effort to keep the Rams in St. Louis starts in earnest today, according to the public agency that manages the stadium.

    Though billionaire owner Stan Kroenke has not publicly stated any desire to move the team, he can terminate the 1995 lease if, by 2015, the Edward Jones Dome isn't a "first-tier" stadium, or one that's better than three-quarters of all National Football League stadiums. And today is the deadline for the St. Louis Convention and Visitors Commission to tell the team how it plans to upgrade the Dome and where it hopes to find the money.

    CVC President Kathleen "Kitty" Ratcliffe said after a closed-session meeting of CVC commissioners last week that the proposal wouldn't be given to the Rams before today.

    The Rams have until March 1 to accept or reject the CVC proposal, and until May 1 to make a counteroffer. The two sides would go into arbitration if a deal isn't struck by June 15. Without an agreement, the Rams would be free to relocate after March 1, 2015.

    The city most likely to seek a new team would be Los Angeles, the Rams' former home, where an effort to build a football stadium is well under way. Speculation over the Rams moving back was fueled again this week by a report that Kroenke put in a bid to buy baseball's Los Angeles Dodgers.

    A Missouri native, Kroenke made his fortune as a real estate developer. His wife, Ann Walton Kroenke, is the daughter of James "Bud" Walton, a co-founder of Wal-Mart. In addition to the Rams, Kroenke's sports holdings include professional basketball, hockey and soccer teams in Denver, as well as an English soccer team, the London-based Arsenal Football Club.

    The CVC plan to retain the Rams is such a closely guarded secret that even the Dome's owner — the St. Louis Regional Convention and Sports Complex Authority — has been largely out of the loop.

    Officials with the authority have said they don't know what the CVC will propose should be done with the facility, and Ratcliffe said last week that it was not necessary for the authority's board to approve the CVC's offer to the Rams.

    The Rams, too, have indicated that the franchise likely will keep mum after receiving the CVC proposal today.

    "We look forward to having amicable and meaningful dialogue with the CVC on many issues and believe those conversations should remain between the parties," the Rams said in a statement released Friday night, after the CVC announced that the team's plan to play "home" games in London would violate the lease.

    The Dome, opened in 1995, was largely financed with $256 million in revenue bonds, and the repayment of that 30-year debt will be $720 million. Every year, Missouri spends $12 million to pay off the debt, and St. Louis and St. Louis County each pay $6 million annually. The county's portion is funded through a 3.5 percent hotel tax approved by voters in 1990.

    In addition to the first-tier clause, the lease includes several other provisions favorable to the Rams. Instead of negotiating improvements that would make the Dome among the eight best in football — an overhaul that could cost taxpayers hundreds of millions of dollars — the CVC could try a different tack: sweetening some of the perks already enjoyed by the team.

    Under the existing lease, the Rams pay $250,000 in annual rent, plus an additional $250,000 per year to reimburse the CVC for game-day expenses.

    In addition to those payments, the Rams are the only pro sports team in town to pay the city's 5 percent amusement tax on ticket sales and not get anything in return. City leaders eliminated the tax on Cardinals tickets, and amusement tax revenue generated at Blues games is used to pay off the debt stemming from the renovation of the Peabody Opera House, which is owned, in part, by Blues owner David Checketts.

    Under the lease, the Rams get to keep the box office receipts, the lion's share of advertising revenue generated inside and outside of the Dome, all net revenue from concessions sold on game days and a cut of some concessions sold during concerts and other nonfootball events at the Dome. The team also gets to use Rams Park, the $10 million practice facility in Earth City that, like the Dome, is owned by the sports authority.


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    RamingtoLA is online now Registered User
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    Re: CVC Delivers Plan Today In Effort To Keep Rams In St. Louis

    You have to love it they want stan to pay for 52 pct of it and still don't have a clue where the rest is coming from.

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    Re: CVC Delivers Plan Today In Effort To Keep Rams In St. Louis

    In the words of the joker "Its all part of the plan".. Im all for the rams to stay, but i would not mind them being 20 mins away either.

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    Re: CVC Delivers Plan Today In Effort To Keep Rams In St. Louis

    This is from a STL Today Magazine article:

    ..."The St. Louis Convention and Visitors Commission delivered the plan to the St. Louis Rams, meeting a deadline of today and detailing improvements officials argue would make the stadium one of the best in pro football. The proposal asks the Rams to pay for slightly more than half the cost.

    If accepted by the Rams, the CVC plan would:

    • Hang a 96-foot wide and 26-foot high scoreboard over midfield that should give fans clear views of replays, scores and stats and not interfere with game play.

    • Build a new, three-story structure on Baer Plaza that would be connected to the Dome via a bridge over Broadway. It would include a 20,000 square-foot lobby, a rooftop beer garden and a new entrance for fans headed to Dome's club seats and luxury suites.

    • Install large glazed window panels that would allow more natural light inside the Dome, which critics have complained is too dark.

    • Replace about 1,800 existing seats and four suites with 1,500 new club seats.

    • Put retractable bollards on Broadway that would let CVC shut down the street to vehicle traffic and making it safer for fans to enter and leave the Dome. The CVC said this change also would address NFL concerns that the milling crowds outside of the Dome could be a terrorist target.

    Also in the plan are aesthetic improvements to entrances, stairwells and corridors; updated locker rooms for cheerleaders and officials; and replacing the Dome's outdoor smoking area with a plaza that CVC President Kathleen "Kitty" Ratcliffe described as "kind of a tailgate area without the cars.""


    I'm not sure how the 26' high video screen, ala Cowboys Stadium, would work in the Ed. Not a lot here. I guess it really depends on what Stan is really looking for. If She-Who-Must-Not-Be-Named were still in charge, I'm sure she would have already said yes.
    That's my story, and I'm sticking to it!!

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    Re: CVC Delivers Plan Today In Effort To Keep Rams In St. Louis

    And now we cue the following.....

    St. Louis fans: Great. That's a solid plan; certainly something to build on. They'll stay now.
    LA fans: That's a joke. What an insult to Stan! They're moving now.

    Just thought I'd save everyone some time.
    MoonJoe and Truth like this.
    "Before the gates of excellence the high gods have placed sweat; long is the road thereto and rough and steep at first; but when the heights are reached, then there is ease, though grievously hard in the winning." --- Hesiod

  6. #6
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    Re: CVC Delivers Plan Today In Effort To Keep Rams In St. Louis

    Great. That's a solid plan; certainly something to build on. They'll stay now.

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    Re: CVC Delivers Plan Today In Effort To Keep Rams In St. Louis

    The CVC plan to retain the Rams is such a closely guarded secret that even the Dome's owner — the St. Louis Regional Convention and Sports Complex Authority — has been largely out of the loop
    Hilarious.

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    Re: CVC Delivers Plan Today In Effort To Keep Rams In St. Louis

    Quote Originally Posted by HUbison View Post
    And now we cue the following.....

    St. Louis fans: Great. That's a solid plan; certainly something to build on. They'll stay now.
    LA fans: That's a joke. What an insult to Stan! They're moving now.

    Just thought I'd save everyone some time.
    I could care less where the Rams move I live in neither L.A. any longer or St Louis. I rep the team, and plainly in an unbiased opinion that's not it.
    THOLTFAN81 likes this.

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    Re: CVC Delivers Plan Today In Effort To Keep Rams In St. Louis

    Does anyone else think that "Great. That's a solid plan; certainly something to build on. They'll stay now." is just the most sarcastic repsonse to this that could ever have been said?

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