4 ms·
Roughly $520M. http://www.lindenwood.edu/moPolicyJournal/issue02/articles/click/click.pdf http://www.lindenwood.edu/moPolicyJournal/issue02/articles/c... >How
by 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