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Sunday, Apr 20th

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MODESA gives initial approves to Cards' Ballpark Village

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The Missouri Downtown Economic Stimulus Authority (MODESA) gave initial approval to up to $188 million in public subsidies for a Ballpark Village development next to Busch Stadium, as the St. Louis Cardinals and Baltimore-based Cordish Co. receive important approval for the project. The Missouri Downtown Economic Stimulus Authority (MODESA) gave initial approval to up to $188 million in public subsidies for a Ballpark Village development next to Busch Stadium, as the St. Louis Cardinals and Baltimore-based Cordish Co. receive important approval for the project. The current plan calls for a multiphase project; the first phase would include 325,000 square feet of office space, 250,000 square feet of retail space and 1,200 parking spaces. There's no final cost on the project, but estimates run between $387 million and more than $600 million, depending on what gets built. The project has been stalled for years; it was supposed to be started when the Cards moved to the new Busch Stadium, but changing plans and financing issues have delayed the project, now slated to be done by Spring 2011.