Measure for public funding for MLS stadium defeated in St. Louis

This is a mock-up of what the new riverfront stadium with a professional soccer team

St. Louis city has voted against a plan to publicly fund a soccer stadium in downtown St. Louis.

MLS leaders have expressed strong interest in St. Louis, but only if voters agreed to public funding.

St. Louis has two professional franchises, the baseball Cardinals and the NHL Blues.

Voters likely rejected the possibility of bringing Major League Soccer to St. Louis in Wednesday's municipal elections.

Failure of the soccer stadium measure, which was defeated by 53 percent to 47 percent margin, will apparently doom St. Louis' chances of becoming a three-sport town again anytime soon.

The group - which includes La Jolla investor Mike Stone, former Qualcomm President Steve Altman and Peter Seidler, part of the Padres ownership group - announced last week that they've collected well over 100,000 signatures on petitions in support of the project. Unlike most cities, St. Louis is independent of any county, meaning that the costs would be incumbent only on St. Louis proper, leaving the suburbs completely free of responsibility should tax funds not meet projections.

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Dan Courtemanche, Major League Soccer's executive vice president of communications, released a statement via Twitter.

"After several weeks of working with the league's commissioner and senior staff, it has become clear to us that final decisions will not be made before the end of the year", he said.

The land became available when the Chargers announced their plans to move to Los Angeles.

The development would include a stadium that an MLS team could possibly share with San Diego State.

FS Investors said they would ask the San Diego City Council to place their proposal on a November 7 ballot rather than ask for outright approval of their development, which has been dubbed "SoccerCity".

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