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The Business of Hockey Discuss the financial and business aspects of the NHL. Topics may include the CBA, work stoppages, broadcast contracts, franchise sales, NHL revenues, relocation and expansion.

Scottrade renovations proposed - $160m

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Old
05-28-2016, 11:32 AM
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LadyStanley
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Scottrade renovations proposed - $160m

http://www.stltoday.com/business/loc...36d04760b.html

Would include new beer garden and remodeled concourses.

Quote:
Officials of the Blues and the St. Louis Convention & Visitors Commission have discussed with city and St. Louis County leaders renovations of Scottrade Center and America’s Center.

Renovation of Scottrade took a step forward Tuesday when the city’s Land Clearance for Redevelopment Authority approved a resolution stating its intent to issue $160 million in industrial revenue bonds to finance the project.

No bonds would be issued before a renovation financing agreement is reached, which officials hope will happen this year. The LCRA resolution could allow the Blues to make some Scottrade improvements this summer and receive reimbursement for their costs later when a final renovation agreement is reached, a source said Thursday.
Interesting.

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06-01-2016, 07:10 AM
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BigMac1212
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Would it also include an improved scoreboard?

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06-01-2016, 08:53 AM
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LadyStanley
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Quote:
Originally Posted by BigMac1212 View Post
Would it also include an improved scoreboard?
Read the OP link(s).

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06-03-2016, 12:46 PM
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Quote:
Originally Posted by LadyStanley View Post
Read the OP link(s).
on me.

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03-15-2017, 04:19 PM
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LadyStanley
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Mayor, Blues asking for public funds to repair/rennovate arena

http://www.stltoday.com/news/local/g...c8da9a6f9.html

Quote:
Mayor Francis Slay led a small group of city leaders here Tuesday urging lawmakers to pitch in on renovations to an aging Scottrade Center. A proposal from Sen. Dave Schatz, R-Sullivan, would allow the state to contribute up to $6 million per year to upgrading the St. Louis Blues' 23-year-old home ice, which officials say needs urgent fixes if it is to continue attracting top-flight sporting events and concerts.
Blues President Chris Zimmerman told a Senate committee the state's money would go toward fixing a laundry list of issues, including failing plumbing, obsolete lighting and an overtaxed air conditioning system.
...
Proponents also offered an array of statistics to support the bid. A report prepared by Johnson Consulting and given to legislators said Scottrade has generated nearly $170 million per year in spending from visitors and an average of about $11 million in annual tax revenue for the state. Together with the Peabody Opera, the Center fills nearly 55,000 hotel rooms per year.

Blues to chip in $50m over the next 20-30 years in renovations as well.


Not renovating means they'll miss out on some tours and events to other/better facilities.

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03-15-2017, 04:33 PM
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Mightygoose
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I guess with the Rams gone, teams figure there's more $$$ for the rest.

My understanding (and I could be mistaken), the board of Alderman approved the city's share last month - 64 million and this bill is in addition

So if the state declines here, does this plan still move forward on a smaller scale?

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03-16-2017, 07:52 AM
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Tawnos
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I've only been to Scottrade once, but it definitely felt like a building older than 23 years when I was there, and that was 5 years ago. Not a surprise they'd want to renovate.

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03-16-2017, 11:48 AM
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Elephant Igloo
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This arena and the United Center opened in the same year, but the privately-owned United Center has stayed in far better shape because the Bulls and Blackhawks invested in its upkeep and renovations.

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