Foundry St. Louis WANTS To Cover Public Share of Stadium
Eleven days after expansion group SC STL announced its official bid for a Major League Soccer (MLS) team in St. Louis, Dan Cordes, CEO of opposing expansion group Foundry St. Louis, fires back with an offer of his own. The following letter, addressed to Dave Peacock of SC STL and the St. Louis Sports Commission which is published in full, outlines a series of facts and quotes backing Foundry’s proposal to cover the full amount being asked of the City of St. Louis by SC STL--$80 million.
Things to take special note of (I suggest you read the letter in its entirety as we will be called to vote on this in April):
Foundry St. Louis not only offers to take on the City’s share of the stadium cost, but goes one step further by proposing a 6.4% hand-over of ownership to a nonprofit organization called St. Louis Sports United (STLSU)--which is to serve as the voice of the “fans, taxpayers, small businesses” of St. Louis.
The letter points out many worries and concerns made public by aldermen and alderwomen, as well as St. Louis City treasurer Tishaura Jones.
Cordes lists many philanthropic projects that can add to SC STL’s already present desire to help the people of St. Louis. These projects have been headed up by Foundry’s 32 Panels Foundation.
- The letter also includes many strong words aimed at possible shortcomings of SC STL.
Dan Cordes and Foundry St. Louis have now pressured SC STL to accept their offer or possibly lose the confidence of the public. Now it's up to SC STL to respond. Will they respond in kind? Will this be seen as an idle threat? Perhaps more importantly, how will 'we the people' respond? The good news is, we will have a say this time. -PG
For more on MLS in STL, listen to this round table discussion in our podcast feed featuring Andi Gebhart, Vice President of American Outlaws of St. Louis, Scott Criscione, writer for Arch City Sports, and our own Timothy Reeder and Phillip Grooms. Many sub-topics are covered as well as diverse opinions expressed: