From the Show-Me Institute:
We’ve covered the proposal to spend some $400 million in public dollars on a new stadium for Rams extensively on this blog. Specific plans have come and gone with regularity, leading to a continuous shell game that can be difficult for residents to follow. That is, perhaps, why a $10 million increase in the amount the city has to pay went almost completely unnoticed.
As part of a recent overhaul of the stadium financing package, which includes giving the NFL all the naming rights proceeds for “National Car Rental Field,” the total cost of the stadium went up about $10 million dollars. With NFL uninterested in paying anything (much less more), and state legislators in near revolt over the governor’s plan to unilaterally extend bonds for the stadium, the city is left holding the bag. Its total payments will increase from an estimate $150 million to $160 million