The latest economic reports from the St. Louis area may have a significant impact on the continuing debate over the Edward Jones Dome renovation process. St. Louis Rams and NFL analyst Ryan Van Bibber reports that the St. Louis county and city is losing some of its wealthiest tax payers:
Between 2001 and 2010, more people left the city and county than moved into them. Those leaving earned an average of $8,000 more than those arriving. All told, it meant $3.41 billion in lost income in the county and $760 million in the city. Reflecting back to civics 101, that means less tax revenue.
The Rams are hoping to give the stadium a significant renovation in the near future, but the St. Louis Convention and Visitors Commission has actively opposed the effort, which would require large amounts of tax payers' funds.
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