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Busch Stadium Financing Report Card

Busch Stadium Financing: A Look Back

Actual Economic Results
$244 Million to City and State

In late 2002 the Cardinals, the City of St. Louis, the State of Missouri and St. Louis County reached an agreement on the financing of a new ballpark in downtown St. Louis. In an era when most sports facilities were built with a vast majority of public subsidies, the Cardinals deal was unusual because it was privately financed and involved so little public money.

While the Cardinals covered nearly 90 percent of the costs of the entire project with private funds, the City provided relief from a local admissions tax on tickets, while the state helped with public infrastructure costs to clear and prepare the site for development.

With eight years of actual results now in, it is clear that the tax revenue produced by the new ballpark to the City and State have exceeded expectations. The Cardinals and their affiliates have paid over $244 million in sales, income, real estate and other taxes to the City and State from 2006 to 2013.

Click to watch video

 

City Chart

 

State Chart

 

Direct Tax Revenues to the City and State from Busch Stadium

2006 2007 2008 2009 2010
City $11,019,000 $9,052,000 $9,406,000 $11,824,000 $10,478,000
State $19,669,000 $15,896,000 $16,867,000 $18,118,000 $16,991,000
Total $30,688,000 $24,948,000 $26,273,000 $29,924,000 $27,469,000
 
2011 2012 2013 Total Average
City $14,256,000 $12,221,000 $14,432,000 $92,688,000 $11,586,000
State $22,156,000 $19,376,000 $22,795,000 $151,868,000 $18,983,500
Total $36,412,000 $31,597,000 $37,226,000 $244,555,000 $30,569,375