A publicly-owned sports and entertainment facility in downtown St. Louis was facing a decline in business and revenue due to aging infrastructure and technology. While the facility was publicly owned, it had been privately managed and operated by a partnership since its inception.
Given the unique circumstances of the public ownership and private lease agreement, funds for major infrastructure upgrades would have to be approved and passed by the Board of Alderman and the Board of Estimate and Apportionment. The legislation was sponsored and introduced seeking new public funds for basic infrastructure upgrades in order to keep and attract new business for this downtown economic anchor.
In partnership with management and the sponsor of the bill, our team passed legislation to secure $70 million in critical funding for infrastructure improvements to keep the facility competitive for future events and its main tenant.