St. Louis reveals new open-air stadium proposal for Rams

The City of St. Louis revealed plans for a new open-air football and soccer stadium on the banks of the Mississippi River that would open by 2020 to keep the Rams in town. Last week, it was reported that Rams owner Stan Kroenke plans to build a football stadium in a Los Angeles suburb.

The city of St. Louis revealed plans on Friday for a new open-air football and soccer stadium on the banks of the Mississippi River that would open by 2020 to keep the Rams in town, according to the St. Louis Post-Dispatch.

Last week, it was reported that Rams owner Stan Kroenke plans to build a football stadium in a Los Angeles suburb. The Rams moved from Los Angeles in 1995 and signed a 30-year deal for the Edward Jones Dome. Kroenke has until Jan. 28 to decide if he will make the lease a year-to-year agreement.

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Jim Thomas of the Post-Dispatchreports the stadium will cost between $860 million and $900 million. The stadium will have 64,000 seats for football and also be able to host 34,000 for soccer matches.

Former Anheuser-Busch executive David Peacock revealed the plans during a press conference and said it will not add a new tax burden to the community. He also said Kroenke and the league would each pay $200 million in the proposal, Thomas reports.

- Paul Palladino