Aldermen Weigh Stadium Financing; State Board OKs Loans

KBIA | By Associated Press

Published December 15, 2015 at 12:43 PM CST

St. Louis aldermen are meeting in special session to consider approving the city's share of funding for a new NFL stadium — $150 million.

The funding would help pay for a $1 billion stadium along the Mississippi River, north of the Gateway Arch. It's part of an effort to either keep the Rams or to attract another team if owner Stan Kroenke moves the team to Los Angeles.

NFL owners meet Jan. 12-13 in Houston to consider proposals from three teams seeking relocation to Los Angeles — the Rams, San Diego Chargers and Oakland Raiders. The league could approve moves of one or two teams.

Also Tuesday, the Missouri Development Finance Board voted 9-1 to approve a $3 million credit line for loans for the new stadium.

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