How OSHA Is Trying to Catch Up
Automation in the Construction Industry
Weekly Grind: Biggest Construction Award Winners and New Equipment to Hit the Market
Smart Buildings Continue Their Rise in 2018
Friday Funny: The Productivity Placebo
U.S. Home Construction Jumps nearly 10 percent in January
Seattle Eyes Taller, Denser in Affordable Housing Proposal
Trump's Plan to Rebuild US Roads Relies on Local Dollars
By Jim Salter, associated press
January 27, 2017
ST. LOUIS (AP) — Just when it seemed that plans for a $200 million soccer stadium in St. Louis were dead, the proposal has new life.
The city Ways and Means Committee initially voted 6-2 Thursday against advancing a bill to ask voters to approve $60 million in funding for the stadium.
But the committee later reconvened and by a 5-4 vote approved a revised proposal. A key revision imposes an amusement tax on ticket sales that could generate up to $12 million for the city over 30 years.
The full Board of Aldermen is expected to vote next week whether to place the measure on the April ballot. Because the deadline for April 4 ballot issues was Tuesday, a judge would also have to give the go-ahead.
The stadium is vital in the investor group SC STL's effort to attract a Major League Soccer franchise. MLS officials have expressed strong interest in St. Louis, but only if a new stadium is built. The league plans to award two expansion teams this fall.
"There is clearly more work ahead, but today's result brings us much closer to a ballot measure that will allow city voters the opportunity to make St. Louis a future home for a Major League Soccer expansion franchise," SC STL spokesman Jim Woodcock said in a statement.
SC STL last year proposed a 22,000-seat stadium near Union Station. The project called for the investor group to be responsible for at least $95 million of the project cost, the entire $150 million expansion fee and all maintenance costs after the stadium is built.
But it also called for taxpayer help. Initially, the plan sought $80 million in city funding, and $40 million in state tax credits.
The plan first hit a snag in December when Missouri's then Gov.-elect Eric Greitens said he would not support state funding for any stadium, calling it "welfare for millionaires."
But last week, SC STL announced a new financing plan, reached after negotiations with Greitens and his staff, that called for the state to contribute the majority of the land to be used for the 24-acre stadium site, a donation potentially worth tens of millions of dollars.
Some city aldermen said at Thursday's hearing that cash-strapped St. Louis simply can't afford to help build a soccer stadium. Alderman Samuel Moore, whose ward is among the poorest in the city, held up photos of dilapidated homes.
"This is what I live with every day," Moore said.
But the co-sponsor of the bill, Jack Coatar, said the extra tax revenue generated by the stadium and the thousands of fans who would come to games would make the project lucrative for the city in the long run.
Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Construction Health Update: America’s Construction is Strong at 83
Ever wonder what’s the difference between a general contractor and construction manager? Well, you’re not alone! To help clear up any confusion, we’ve broken down the roles and responsibilities of ... Read More
If you're a construction worker, you're most likely working physical labor and it can get hot if you're working under the sun. Here's a guide for h... Read More
Pete says that Procore quickly breaks down the complicated pieces of data in his jobs, and presents them to the end user in a digestible format. "T... Read More
Hear Brad Hyatt, Associate Professor at California State University Fresno, discuss what students are learning in school to prepare them for const... Read More
Construction has always had a somewhat complicated relationship with technology. Over the last few decades there have been improvements in material... Read More
J. Colin Cagney, a director, KPMG Major Projects Advisory, knows that while most companies want to use data analytics to increase, they’re often no... Read More
Congress has passed the final version of the federal tax reform bill, and it will soon head to President Donald Trump to be signed into law. The qu... Read More
January 9, 2018