Kroenke’s Quandary: The Cost of the LA Rams
Well, it looks like the classic tale of "How the Kroenke Stole Football" and there doesn't seem to be hope for his heart (let alone our wallets) to grow three sizes anytime soon.
The frantic failure of an effort to keep the Rams in St. Louis by building them a brand new gigantic riverfront stadium will be costing the public more than $16.2 million with no ground having EVER been broken on the project!
The majority of the funding - $10.5 million - is going to local architecture firm HOK.
The St. Louis Post-Dispatch reports attorneys for the current stadium, the Edward Jones Dome, have billed just short of $1 million, and Thompson Coburn bond and financing lawyers charged over $750,000.
The effort to build the $1.1 billion (yes, that's BILLION with a "B") open-air stadium came to a sudden halt Tuesday when NFL owners overwhelmingly voted to approve team owner Stan Kroenke's request to move the Rams back to California after calling the Show-Me State home for almost 20 years.
Kroenke has plans to build a $2 billion (WOAH!) football stadium near Los Angeles. Until then, the newly dubbed Los Angeles Rams will play in the Coliseum in Inglewood.