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From an article about the dept on the Eddie Dome:
To cover costs, the city paid about $6 million for annual debt service and maintenance for the stadium but collected only about $4.2 million in direct revenues from Rams games, according to the Mayor’s office. The state, which paid $12 million annually, made $12.4 million in revenues from NFL activities, Missouri Department of Economic Development estimated. The county paid $6 million annually; it’s unclear how much of that was offset by Rams-related revenues.
All three entities will continue paying their share until the debt is paid off in 2021.
Without the Rams’ revenues, St. Louis is looking at an even deeper financial hole. And it’s coming at a time when the city is facing a spiking murder rate, high poverty and high debt.
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