St. Louis Comptroller Darlene Green Statement on Funding for Scottrade Center Renovations

On August 11, 2017, St. Louis Comptroller Darlene Green issued the following statement on funding for Scottrade Center renovations.

August 11, 2017 | 2 min reading time

The Comptroller has not approved the transaction to issue bonds for the renovation of Scottrade Center, as it would incur debt to the city's general fund for nonessential services and negatively impact the city’s credit.

The city faces a credit crisis having been downgraded twice in less than six months by Moody's Credit Rating Agency. In January, Comptroller Green issued a letter encouraging the project team to adhere to the broad framework that states: “the city's current budget revenues should not be considered for use as part of any economic incentive package when planning financing for the project. The economic incentive package should not include adding any new city debt or using the city's credit or current revenues as a backdrop.”

The Comptroller calls on all parties to work together to upgrade Scottrade Center within a framework that protects the City of St. Louis's credit and does not reduce current revenues meant for delivering essential city services, such as public safety, to our taxpayers.

Comptroller Darlene Green is the chief fiscal officer of the City of St. Louis and is charged with safeguarding the city's credit rating and with protecting taxpayer dollars. Visit to learn more about the Office of the Comptroller.

  • Department:
    Office of the Comptroller
  • Topic:

Most Read News

  1. On the map Du-Good Chemical Laboratories and Manufacturers The second featured place in the On the Map series is Du-Good Chemical Laboratories and Manufacturers on South Jefferson — one of the first black-owned chemical laboratories and the site of significant scientific research and development.
  2. Port Authority to Issue Taxable Industrial Revenue Bonds Project represents an approximately $37 million investment
  3. Declaration Forms due April 1, 2018 for Personal Property The City of St Louis 2018 Personal Property Declaration Notices are due by April 1, 2018

Was this page helpful?      

Comments are helpful!
500 character limit

Feedback is anonymous.