Edgerley: Money Still on the Table for MLS Team in St. Louis

By on September 6, 2017

From St. Louis Post-Dispatch:  Paul Edgerley says the money’s still on the table, and the commitment remains firm by his ownership group to bring Major League Soccer to St. Louis.

“We firmly believe St. Louis would be an extraordinary MLS market and the city would greatly benefit from both having a team and a multipurpose downtown stadium,” Edgerley, the chairman of the MLS2STL ownership group, said in a statement Monday evening.

“We remain committed to providing more than a quarter of a billion dollars of private investment for the project, both to pay the expansion fee and to fund the majority of the cost to build the stadium.”

These are the first public comments by Edgerley on the subject since the night the stadium plan was narrowly defeated April 4 by voters in St. Louis city. The comments came in response to a report in Monday’s Post-Dispatch that MLS remains very interested in the St. Louis market and that the Edgerley ownership ship group remains intact with its expansion team application still active in the league office.

“We’ll continue to consider any and all ideas to fund the project, but believe public participation consistent with what Proposition 2 would have generated is required to make an expansion team and the stadium a reality,” Edgerley’s statement continued. “We believe MLS intends to act by the end of the year, and to position St. Louis to win, any proposal must be fully committed in the next 90 days to have a chance to be successful.”

Proposition 2, a use tax on businesses to fund construction of a soccer stadium, was voted down by about 3,300 votes in April.

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