September 17, 2003
St. Louis stadium groundbreaking soon?
The St. Louis Cardinals ownership insists it will be ready for a groundbreaking on its new baseball stadium in October, despite not having all the financing in place yet. "Essentially, it's a done deal," team president Mark Lamping told the Associated Press. "We expect to close on the financing perhaps as early as next month." Under the complex financing package, private investors would build the stadium with help from local government subsidies, then lease it back to the team. When and if the private investors are identified, St. Louis County must still vote to approve its $45 million in promised funding.
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