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A Positive Fiscal and Land Use Analysis for St. Louis Riverfront Stadium Plans
"A team of Harvard University business students studied the potential economic impact of a new NFL stadium on the riverfront and concluded it would be a good investment," report Nicholas J.C. Pistor and David Huun.
"The group found the stadium is well-suited for the downtown market because it would more quickly spur development on the north riverfront, shore-up struggling business districts like Laclede's Landing, and incorporate parkland as an added amenity."
The conclusions of this fiscal and land use analysis break from much of the commentary about stadium spending by cities hoping to attract or retain NFL teams. The study comes a month after the stadium plan received an initial piece of its funding package—$15 million in tax credits—and a few weeks before the Board of Alderman is likely to consider the financing package for the stadium.