Lawmakers question plans to use bonds to fund new St. Louis Stadium
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Lawmakers question plans to use bonds to fund new St. Louis Stadium

Date: August 27, 2015
By: Jill Ornitz
State Capitol Bureau

Intro: 
Legislators in Jefferson City questioned what would happen if the state did not make payments on bonds issued to fund a new stadium for the St. Louis Rams
RunTime:  0:37
OutCue:  SOC

Wrap: When Republican Senator Rob Schaaf asked what consequences there would be if the state did not make payments on bonds issued to fund a new stadium for the St. Louis Rams, he was told the consequences were unknown.

Actuality:  SCHAAFA.WAV
Run Time:  00:11
Description: "But my question is would it affect our credit rating if we were to not make that appropriation? Yeah that's a question -- I don't know the answer to that."

Office of Administration Commissioner Doug Nelson told the committee three different credit agencies examine a number of different categories to determine the state's credit rating.

Reporting from the state Capitol, I'm Jill Ornitz.

Intro: 
According to the Office of Administration, Governor Jay Nixon has not talked to the office about issuing bonds to cover the construction of a new Rams stadium.
RunTime:  0:40
OutCue:  SOC

Wrap: Office of Administration Commissioner Doug Nelson told legislators that he has not spoken to Jay Nixon about issuing bonds to cover the construction of a new St. Louis Rams Stadium.

According to Nelson, he has the authority to determine whether the bonds are issued.

Actuality:  BARNESA.WAV
Run Time:  00:15
Description: "You, the person that has to sign the project financing agreement, have not had any conversations with the governor about it -- I have not had conversations with the governor about it -- Hold on. You have not had any conversations with the Regional Sports Complex Authority? None that I'm aware of."

Republican Representative Jay Barnes said during the forum the stadium project has gone on for 15 months.

Reporting from the state Capitol, I'm Jill Ornitz.

Intro: 
One senator in Jefferson City told a forum that he would suggest the state hire a good attorney if bonds are issued to finance construction for a new Rams stadium.
RunTime:  0:45
OutCue:  SOC

Wrap: Republican Senator Rob Schaaf told a forum that he will do what he can to delay the Missouri Senate from voting whether they will issue state bonds to cover construction of a new stadium for the St. Louis Rams.

Actuality:  SCHAAFB.WAV
Run Time:  00:21
Description: "If it should come to pass that the bonds are issued, that it is included in a budget that comes before the Senate, then, as I start my filibuster my first words are going to be, 'bondholders, I know a good attorney.'"

 

Schaaf and Republican Representative Jay Barnes said they are confident the legislature has the votes to stop the stadium bonds from being issued.

Reporting from the state Capitol, I'm Jill Ornitz.


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