Missouri Senate: Nixon can't extend bonds for NFL stadium without vote
JEFFERSON CITY • Gov. Jay Nixon could not extend bonds for a new NFL stadium in St. Louis without a vote under a measure passed Thursday by the Missouri Senate.
The measure would allow the state to use $200 million worth of bonds for repair and maintenance projects, as well as some new construction. The bill does not establish the projects to benefit from this money, it simply allows for the bonds to be used in this way.
In a law signed last year, that $200 million initially was intended for the construction of a new Fulton State Hospital as part of a $600 million authorization for the Board of Public Buildings to issue bonds for repair and maintenance projects on state and public higher education facilities. The facility for the most severely mentally ill later was financed differently.
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But the measure, which passed with a vote of 26-5, also bars the executive branch from extending bonds without a vote of the Legislature or the people — a provision added after the Nixon administration said it didn't need one to act on bonds for the proposed new riverfront stadium.
Earlier this year, Doug Nelson, Office of Administration commissioner, said
a law passed more than 20 years ago allows the Nixon administration to issue such bonds. The law states that Missouri or any agency or department of the state can enter into a contract, agreement or lease to finance or develop a convention or sports facility.
“This is not an indication of what we’re going to do,” Nelson said in January. “This is an indication that we believe we have that authority.”
Rams owner Stan Kroenke has announced plans to build an 80,000-seat National Football League stadium and 6,000-seat performance venue in the Los Angeles area.
The Rams were bound by the team’s lease at the Edward Jones Dome to stay in St. Louis until 2025. But local officials failed to keep the dome in the “top tier” of NFL stadiums, as required by the lease, allowing the Rams to go year-to-year. The team has committed to staying in St. Louis through next season, but not any longer.
In Janary, a two-member task force appointed by Nixon revealed
plans for a 64,000-seat, open-air stadium on the Mississippi River, just north of downtown St. Louis, in an effort to keep the NFL in the city. The new stadium would cost nearly $1 billion, with at least $350 million paid by taxpayers.
To cover much of that public cost, the task force — Jones Dome attorney Robert Blitz and former Anheuser-Busch President David Peacock — suggested “extending” payments that now go to pay off Dome debt.
Of that, the state pays about $12 million a year for Dome debt and upkeep.
The measure now moves to the House.
The bill is Senate Bill 330.