Task force wants $50 million in tax breaks for new St. Louis stadium

The Missouri Development Finance Board is mulling over a revised plan to build a new NFL stadium in St. Louis.

The new plan would use $50 million in tax credits, spread out over three years. The task force appointed by Gov. Jay Nixon presented the revised plan before the state finance board Tuesday. Co-chair Dave Peacock says they hope to have approval before NFL owners meet this fall.

"I would think they'll make a decision on Los Angeles in late (2015) or very early next year, which obviously impacts St. Louis," Peacock said, "so we've known all along that we need to kind of get this organized and get questions answered by the fall."

There will actually be three requests. The first is for $15 million in incentives this year, $17.5 million in 2016, and another $17.5 million in 2017. The state finance board is expected to decide on the first request in August or September.


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