MLS Expansion – $500 million for $45 million, the Philadelphia agrument
It really is that simple as those involved say that without the stadium, the full waterfront development idea in Chester is pretty much off the table and MLS will turn to St. Louis as their newest team.
The state has a history of investing in sports stadiums (Lincoln Financial Field, Citizens Bank Park, Heinz Field and PNC Park), so it is not without precedent, however soccer is a bit of a tougher sell, even if it will lead to a larger retail, residential and office development. However, the state legislative session ended last week without funding, so it is up to Governor Rendell to find a way to make this happen.
Meanwhile, St. Louis is waiting quietly with everything lined up to go. Well everything except the final vote by MLS.