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St. Louis Baseball Cardinals Seeks New Home

ST. LOUIS-Plans call for new $370-million stadium for the team, but could spur the development of 400 housing units, 400,000 sf of office space and 135,000 sf of retail and restaurant space--plus a museum and aquarium.

By Judie Burkhalter | Updated on March 20, 2001

ST. LOUIS-William DeWitt, a managing partner in the St. Louis Cardinals baseball club, and his fellow partners are asking for a $370-million stadium for the club. In the proposal, at least part of the money would come from Missouri taxpayers.

DeWitt and his partners are also proposing a development around Ballpark Village, which they say would generate about $22 million for the city and the state by 2011. The development calls for 400 housing units, 400,000 sf of office space and 135,000 sf of retail and restaurant space. Also proposed is a museum and aquarium. The development would be separate from the stadium and no developers have yet to come forth.

DeWitt was successful in a stadium venture a decade ago when he and partners, including now President George W. Bush, convinced Texas taxpayers to build a new stadium for the Rangers. After constructing a $135-million stadium, the owners sold the team a few years later for a profit of more than $200 million.

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