In nine months, area officials must decide how much they’re willing to pay, and where the money will come from, to prevent the Rams from breaking their lease of the Edward Jones Dome according to Matthew Hathaway of the St. Louis Post-Dispatch.
The Dome lease sets a Feb. 1 deadline for presenting the Rams with a financing plan on how to make the venue among the league’s best. “No one is losing sight of the lease and the fact that, pretty soon, we’ve all got to talk,” said Bob O’Loughlin, chairman of the St. Louis Convention & Visitors Commission, which manages the Dome and is responsible for tackling one problematic provision in the Rams’ lease.
That’s the requirement that come 2015, the Dome must be a “top-tier” facility — one that’s superior to three-quarters of all NFL venues. It won’t be an easy bar to meet at a time when the newest, glitziest stadiums have broken the billion-dollar mark.