As expected, on Friday morning the St. Louis Convention and Visitors Commission formally rejected the St. Louis Rams' estimated $700 million proposal to renovation the Edward Jones Dome. June 1 was set as the deadline for the CVC's decision after the Rams rejected the agency's $124 million plan submitted back on March 1. Now the two parties have until June 15 to agree on a renovation plan that would satisfy a clause in the stadium lease requiring the Edward Jones Dome to rank among the top-eight stadiums in the NFL by 2015.

If no agreement is reached before June 15, the matter will head to arbitration. Even so, is there a proposal that makes economic sense for the taxpayers in St. Louis?

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