Rams fans have one more thing that team COO Kevin Demoff doesn’t think they should worry about.
The St. Louis Post-Dispatch reports that St. Louis Convention and Visitors Commission voted Thursday to enter binding arbitration with the Rams to settle their dispute over how the Edward Jones Dome will be improved into the “first-tier” facility (better than three-quarters of the league’s stadiums, required by the team’s lease. If the CVC can not come through, the Rams would be able to leave St. Louis after the 2014 season.
The CVC had until tomorrow to come to an agreement with the Rams and avoid arbitration, but Thursday’s vote indicates that such a deal was not close to happening. The Rams recently submitted a renovation proposal (the picture on this page comes from that proposal) that would cost $700 million, without any mention of how much money the team would spend, which the CVC rejected and the Rams have not been interested in any of the CVC’s proposals.
Arbitration is expected to last throughout the year. At the end, arbitrators can endorse an existing plan or come up with one of their own and the CVC would have 60 days to accept those terms.