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$500M? The stadium cost $365M and most of it private money. The county loaned $45M for improvements. Busch Stadium had a final cost of $365 million when it ope

$500M? The stadium cost $365M and most of it private money. The county loaned $45M for improvements. Busch Stadium had a final cost of $365 million when it opened in 2006. Of that cost, $45 million (12%) came from a long-term loan from St. Louis County. Private financing came in the tune of $90.1 million in cash from the Cardinals, $200.5 in bonds paid by the team, and $9.2 million in interest earned on the construction fund the Cardinals held. The stadium has a seating capacity of 46,861 and is owned by the St. Louis Cardinals. The stadium does not have a roof, or its own named expressway. I was unable to determine who paid for the cost overruns of $20.2 million. http://urbanmilwaukee.com/2009/05/28/miller-park-vs-busch-stadium-milwaukee-vs-st-louis/ http://urbanmilwaukee.com/2009/05/28/miller-park-vs-busch-st...

beastman82 11y ago
Roughly $520M. http://www.lindenwood.edu/moPolicyJournal/issue02/articles/click/click.pdf http://www.lindenwood.edu/moPolicyJournal/issue02/articles/c... >However, the Cardinals also receive significant returns through an estimated $520 million in public subsidies: $350 million from St. Louis City’s five percent admission tax 30-year waiver, $20 million from St. Louis City’s 25-year property tax abatement, $108 million paid by St. Louis County to retire the $45 million in stadium bonds, and $42 million from Missouri tax credits and highway ramp construction. Further, the Cardinals also receive an additional estimated $150 million in new stadium selling sources: $100 million over 30 years on stadium naming rights, $40 million from the Ballpark Founders Program that charges season ticket holders $2,000- $7,500 for new stadium seats, and $10 million from old Busch Stadium memorabilia sales