- Golden Corral coming to Cape; may hire 100 workers (7/21/16)10
- Woman sleeping in car accused of attacking Cape officer (7/26/16)13
- Area groups working together to reintroduce elk in Missouri (7/18/16)1
- Prosecutor says shooting by state trooper was justified (7/24/16)15
- Former Scott City mayor refutes claims made about loss of curbside recycling pickup (7/26/16)
- Burglary of trailer leaves its residents homeless (7/27/16)4
- Cape resident gets seven years in prison for shooting at man (7/26/16)1
- Hastings in Cape closing (7/22/16)5
- Foot plots provide habitats and nutrition to attract wildlife, grow populations (7/18/16)
- City may spend extra park tax money on Cape Splash, skate park, other projects (7/25/16)10
Stadium proposal would generate more revenue
To the editor:
I would like to respond to a a recent Speak Out, "Welfare for St. Louis." The caller said a letter to the editor was flawed when it stated that the new stadium in St. Louis would cost the taxpayers nothing. The caller is the one who is inaccurate. There would be no tax abatements for the building of the new stadium. Five of the nation's leading financial analysts have studied this proposal and have determined that for every dollar the state contributes to this project, the state would receive $4 in return. This increase in tax revenue would be generated by projected increases in ticket sales, concession sales and income taxes generated by the more than 7,000 new jobs. Additional revenue also would be generated by retail shops, restaurants, apartments and world-class aquarium in Ballpark Village.
The caller correctly implied that there are a lot more important projects than this stadium. Our roads are terrible, our educational system needs help and our elderly need help with the cost of prescription medication. What better way to fund those projects than through this investment? This project is not welfare for St. Louis. If this was any other business other than a baseball team, no one would have a problem with this terrific deal. The Cardinal owners will pay for two-thirds of this project. The state will get a great return on its investment, and the entire state will benefit from this project, not just St. Louis.