The new plan would use ticket fees to pay for upgrades to the Scottrade Center; owners question legality | Politics
Spencer estimates his plan would generate around $ 3 million per year. Combined with an additional $ 1 million from a community improvement district surrounding the arena, she says the money would allow the city to issue “very, very easily” the same $ 64 million bonds that some leaders have. municipal officials have already given the green light for the renovations.
David Richardson, an attorney for Husch Blackwell who represents Kiel Center Partners, said these facility fees have been in place since the early 2000s. They are used by the property group, the Blues and the opera for the operation and maintenance, not for capital improvements, he said. And the fees generate less than $ 1 million in revenue a year, he said – and that’s before some of the money has to go to artists and promoters.
“These are private dollars, and from a legal standpoint, the alderman cannot just table a bill that appropriates a private party’s money from the government, which she is doing here.” Richardson said.
Spencer argues that his plan, which should be approved by the aldermen’s council as well as the city’s voters, provides a way to ensure that everyone who attends events at Scottrade or Peabody helps fund facility improvements, not only city taxpayers.
Richardson called the measure “mostly flawed” and full of speculation.
“The alderman presents this as a new source of funds and a regional solution, and it is neither a new source of funds nor a regional solution,” he said.