Downtown Stadium Revenue Bonds

At a glance

What: Ordinance 260889 authorizes the Missouri Development Finance Board to issue revenue bonds of up to $560,000,000 for a new stadium, team offices and supporting infrastructure in the Washington Square Park and Crown Center area, and appropriates $642,063,135 of bond proceeds as the City's contribution.
Where it stands: Passed as substituted on October 8, 2026, 11 to 2, with two floor amendments voted on first.
Next: Watch the April 6, 2027 voter-approval ballot question and implementation of the Redevelopment Agreement.

Bonds in one or more series, not to exceed $560,000,000 of costs for design, acquisition, construction, furnishing, equipping and operations, plus issuance costs, credit enhancement, capitalized interest and reserve deposits.
Authorizes the Director of Finance to obtain credit enhancement where it gives an economic benefit.
Estimates and appropriates $642,063,135 in bond proceeds as the City's contribution, directs the City Manager on funding sources for the project and future debt service, and carries an accelerated effective date.

Duncan moved to amend Section 5, seconded by French. The motion failed: aye French, Patterson Hazley and Duncan; nay Lucas, O'Neill, Rogers, Robinson, Rea, Bunch, Curls, Parks-Shaw and McManus; Willett abstained.
Duncan moved to amend Section 17, seconded by Parks-Shaw. The minutes print this as "carried" although the recorded tally is 1 aye (Duncan), 11 nay and Willett abstaining. Treat the outcome of this amendment as unclear until the council journal is checked.
Advance and final passage as substituted: 11 to 2; Willett and Duncan voted no.

Section 5 amendment failed (3 aye, 9 nay, 1 abstain); Section 17 amendment recorded oddly (see detail); passed as substituted 11 to 2.