ST. LOUIS (AP) — A big step in the attempt to bring a Major League Soccer team to St. Louis moved forward Friday when the city Board of Aldermen approved a tax incentive plan to help build a downtown stadium.
Aldermen approved the measure 26-2. State tax credits also are being sought.
The new effort to attract an MLS franchise was announced in October. The ownership group includes Jim Kavanaugh, CEO of World Wide Technology, and the Taylor family, owners of the rental car company Enterprise Holdings.
The owners will cover most of the stadium’s cost. Aldermen approved giving them free use of the site, a 50 percent break on ticket taxes and a 3 percent sales tax on items sold at the stadium.
The MLS plans to award two additional franchises but hasn’t said when.