Dive Brief:
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The St. Louis Building and Construction Trades Council has green-lighted a plan for round-the-clock work on a new football stadium, a move that could employ 1,500 construction workers and save the city $45 million.
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Scheduling three eight-hour shifts each weekday will omit the cost of overtime as the city rushes to construct a 64,000-seat outdoor stadium in just two years that is estimated to cost $985 million.
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The city, which will build the arena on the Mississippi River waterfront with public and private funds, is hoping the new stadium will convince the St. Louis Rams to stay in Missouri. The Rams' billionaire owner has said he plans to build an NFL stadium in Los Angeles and has converted his lease on St. Louis’ Edward Jones Dome to a year-to-year contract, creating speculation that he will move the team to California.
Dive Insight:
The Rams are one of three teams, along with the San Diego Chargers and the Oakland Raiders, looking to relocate because of issues with their home stadiums. The NFL has not approved any of the moves.
The Rams’ 30-year lease in St. Louis allowed the team’s owner to switch to a year-to-year agreement if the stadium at some point was no longer considered in the top 25% of NFL venues.
But the city has said the loss of the franchise would cost St. Louis $10 million in annual tax revenue.