MetroLink yes, soccer stadium no, and a win for St. Louis County police - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
April 5, 2017 Newswires
Share
Share
Post
Email

MetroLink yes, soccer stadium no, and a win for St. Louis County police

St. Louis Post-Dispatch (MO)

April 05--ST. LOUIS -- City voters rejected funding for a Major League Soccer stadium on Tuesday but approved a companion ballot measure imposing a half-cent sales tax increase for expanding MetroLink.

The public financing plan for the soccer stadium lost by 3,000 votes, with 47 percent of voters supporting it and 53 percent opposed in final but unofficial results. About 60 percent of voters approved the MetroLink sales tax increase.

Proposition 1 will increase the city sales tax by half a cent on every dollar and put about $12 million a year toward planning and engineering for an 8-mile north-south MetroLink expansion. Proposition 2 would have provided funding toward construction of a 22,000-seat soccer stadium downtown.

--Results for the April municipal elections

--County voters cast ballots on funding public safety initiatives

--Kirkwood awaits results on school tax increase measure

--Voters in Madison and St. Clair counties wait to see outcome of several issues

Both propositions were needed to pass in order to fund the stadium. The sales tax increase in Prop 1 will generate a corresponding increase in the city's business use tax, expected to be about $4 million a year.

What will be done with that new revenue has yet to be decided, though most business use tax revenue goes toward affordable housing, public safety and building demolitions.

Mayor-elect Lyda Krewson said "there's not a plan in place at this time" for that new money.

"We have a lot of needs in this city," Krewson said.

MLS spokesman Dan Courtemanche said the defeat of Proposition 2 was "clearly a significant setback for the city's expansion opportunity and a loss for the community."

Investor Terry Matlack said Tuesday night, "It's unlikely St. Louis ever gets an MLS team now."

MLS Commissioner Don Garber previously said he was "confident" St. Louis would get an expansion team in the league if the stadium got public financing. The league is expanding from 24 to 28 teams, with two of the new clubs to be announced later this year.

The league's statement didn't rule out St. Louis' expansion bid, but the commissioner also said last week that if the stadium plan was defeated, St. Louis would not get a team. Members of the ownership group, SC STL, have said they don't have another stadium plan if voters reject the public funding option.

St. Louis is one of 12 regions where ownership groups are competing for an expansion franchise. The St. Louis ownership group had offered to pay $95 million for the stadium, as well as any maintenance and operations costs for 30 years, plus a $150 million fee to the MLS for the expansion franchise. Public funding would have totaled $60 million.

The MetroLink expansion, which would not be completed until 2026 or later, would span from Fairground Park in north St. Louis to Cherokee Street in south St. Louis.

City officials estimate Proposition 1 will raise $20 million a year. The amount of new tax revenue over $12 million will go to programs aimed at neighborhood revitalization, workforce development, public safety and infrastructure.

The 8-mile route is seen as the first phase in a potential 31.5-mile city-county MetroLink expansion to the north and south, although St. Louis County has yet to guarantee its participation in the project.

The estimated cost of the comprehensive plan is $2.2 billion and would require a combination of federal, state and local funding, city officials said.

The success of Proposition 1 will push the city's sales tax to one of the highest in the nation at 9.17 cents per dollar.

The stadium proposal was defeated despite investors sinking $1 million into a political campaign to pass it, while facing no organized opposition.

The failure of the stadium financing plan comes a little over a year after the Rams left St. Louis in January 2016. Political observers say that saga, in which local and state officials scrambled to find millions to appease an ownership group determined to move to Los Angeles, left city voters dubious of further public financing plans for sports.

Voter turnout was twice as high for this city general election than four years ago, the last time the mayor's race was on the ballot. Voter turnout was 30 percent, or about 59,000 voters, while in 2013 turnout was 12.5 percent of voters.

Aside from the MetroLink expansion tax, city voters approved only one other proposition on Tuesday's ballot: Proposition C, which amends the city's charter to give city residents preference over non-city residents in securing civil service jobs, passed with more than two-thirds of the vote.

Measures that would have raised property taxes to rehabilitate vacant properties; shift municipal elections to align with state and national elections; and abolish the recorder of deeds office and direct the monetary savings toward police body cameras, all failed.

Joe Holleman, Walker Moskop and Koran Addo of the Post-Dispatch contributed to this report.

___

(c)2017 the St. Louis Post-Dispatch

Visit the St. Louis Post-Dispatch at www.stltoday.com

Distributed by Tribune Content Agency, LLC.

Older

Securian Launches Orion IUL

Newer

OppenheimerFunds Launches New Brand Campaign Challenge the Index

Advisor News

  • What happens to insurance planning when a client retires early?
  • Ask the right questions to turn clients into raving fans
  • The first 5 years of your career could determine the next 50
  • Your client’s $3 million portfolio doesn’t tell you their insurance needs
  • How life insurance can provide liquidity for wealthy families
More Advisor News

Annuity News

  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
  • Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity News

Health/Employee Benefits News

  • Confusion And Angst Follow Early Rollout Of Medicaid Work Rules
  • Connecticut immigrants will lose Medicaid coverage Oct. 1. Here's who is affected
  • County commissioners approve switch to NDPERS for employee health insurance
  • Health insurance costs rising, more Oklahomans losing insurance
  • Harlingen school board approves $1.2M health plan
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Launch: Guaranteed Issue Life Insurance, Expanding Access to Financial Protection, introduced by Franklin Madison
  • Franklin Madison introduces guaranteed issue life insurance
  • Panel: Insurers need to rethink products, distribution to close protection gap
  • AM Best Assigns Credit Ratings to Beibu Gulf Property & Casualty Insurance Company Ltd.
  • Why more policyholders are exploring what their life insurance is worth beyond surrender value
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.