Proposal could be dome sweet home for Rams
The St. Louis Rams have privately received an offer of $48 million in publicly funded money to renovate the Edward Jones Dome.
The St. Louis Convention and Visitors Commission, which operates the building, is hoping to incite to the Rams to waive its relocation clause in future years by offering an improvements package that would require no private financing, the St. Louis Post-Dispatch reported Saturday.
The Rams can opt to terminate the lease by 2015 if the facility isn't considered "first tier," the newspaper reported. The team has played in the building since 1995.
During the winter, the commission gave the Rams a stadium proposal that included public funding and splitting the cost of a $124 million renovations. Since then, the two sides have been sharing proposals.
The latest proposal includes the construction of a parking structure and its game-day revenue going to the Rams and also takes five years off the team's $250,000-per-year lease.
A Friday deadline looms to reach an agreement or face binding arbitration.
