Friday January 9th, 2015

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-Dispatch reports 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

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