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CVC, Rams heading for arbitration over dome lease

CVC, Rams heading for arbitration over dome lease

June 15th, 2012 in News

ST. LOUIS (AP) - The St. Louis Rams and the St. Louis Convention and Visitors Commission are heading to arbitration over what to do about the Edward Jones Dome.

The board that oversees the CVC voted Thursday to begin the arbitration process after the two sides remained far apart on plans to upgrade the dome. The CVC operates the dome and leases it to the NFL team.

"Hopefully with the assistance of an arbitrator we'll be more successful in coming to a conclusion that is in the best interest of both parties," CVC spokesman Brian Hall said. The Rams declined comment.

The binding arbitration could last through the end of the year. The CVC and the Rams will jointly choose three arbitrators to hear the case.

The dome was built with taxpayer funding from the city, St. Louis County and the state of Missouri. The 30-year lease signed when the Rams moved to St. Louis from Los Angeles prior to the 1995 season requires the stadium be among the top quarter of NFL stadiums in 15 separate categories. If it isn't, the team can break the lease after the 2014 season, raising concerns the Rams might leave St. Louis.

Negotiations began early this year. The CVC privately proposed to the Rams a modest $48 million plan in January that would have been publicly funded. When that was rejected, the CVC in February announced a plan for $124 million in improvements that included better amenities and a massive new scoreboard. It would have required to Rams to pay for $64 million of the cost. Voter approval in the city and county would have been required for the rest.

The Rams countered with a much more elaborate plan calling for a new roof with a sliding panel, replacing much of the brick exterior with a glass front, even re-routing a nearby street.

The Rams did not provide a cost estimate but mayoral aide Jeff Rainford said the team's plan would cost about $700 million and the dome, which also hosts conventions, would have to be closed for renovation for up to three years, potentially costing the city $500 million in revenue.

The Rams did not intend for their proposal to be publicly released. Missouri Attorney General Chris Koster released it against the team's wishes May 14 following open records requests from media.

The arbitrators will either endorse the CVC plan, the Rams' plan, or develop their own. The CVC will then have 60 days to decide whether to move forward with that plan or allow the Rams to end the lease.

Team owner Stan Kroenke has been noncommittal about the team's future if the dome isn't improved. The Missouri native owns an estate in Malibu, Calif., and unsuccessfully sought to purchase baseball's Dodgers, leading to speculation the Rams could potentially return to Los Angeles without a significant dome upgrade.