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Amid Building Boom, Debate over Publicly Funded Stadiums Goes On
Stateline: Missouri and St. Louis tried mightily to keep the NFL Rams from decamping for Los Angeles, offering $400 million in state and city money for a new stadium. To justify the public expense, officials argued that the team, which moved from Los Angeles to St. Louis two decades ago, was an economic engine for the region.
They offered to put up the money even though the Rams’ billionaire owner, Stan Kroenke, could afford to build a new stadium on his own. Ultimately, Kroenke opted to do just that, announcing in January that he would spend $1.9 billion of his own fortune to build a new stadium for the Rams in Inglewood, southwest of downtown Los Angeles.
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