In the category of breaking news at inopportune time goes to the arbitrators overseeing the CVC/St. Louis Rams. Thanks. (Not really.)
The arbitrators have sided with the St. Louis Rams saying that the Edward Jones Dome does need vast improvements to comply with the league’s definition of a first-tier facility.
The arbitrators determined that due to several structural deficiencies in the size and dimensions of the Edward Jones Dome that only the Rams’ May 2012 plan for demolishing and rebuilding the facility will make it First Tier under the terms of the existing lease between the parties.
The CVC proposed a $200 million renovation package. The Rams submitted a nearly $700 million remodel option which on paper looks like a great idea except for the fact that they didn’t outline where the $700 million would come from.