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Discussion in 'St. Louis' started by Sport Billy, Apr 20, 2011.
Sorry, SB. I really wanted to see you guys in MLS sooner rather than later. With Cooper going belly up, does StL have anything in the works at all right now?
No, but to be honest, it has become evident in the last year that if MLS comes to St. Louis, Cooper and Collinsville will not be involved. So this isn't a very big loss in the big picture. It just hurts because it represents what could have been. It goes back to MLS' biggest lie to St. Louis:
So, this really has no baring on us getting a team.
That being said, St. Louis doesn't get a team unless a very rich guy steps up. I don't see that happening unless Kroenke decides he wants a sports club here like he has in Denver.
SportBilly, I've seen you trot that quote out a few times as proof of MLS' lies, and while I know what it's like to be strung along by the league (we had our own "if you build it, we will come" with the stadium vote in 1998, we were pretty consistantly name-dropped by the league any time they talked expansion 2002-2007), I can't help but wonder how much Cooper is to blame for that quote. I can easily see where the league might have been led to believe at the time that Cooper was just this close to getting the investors he needed to round out the ownership group, so in their minds there might have been a danger of losing the ownership group because no deal for a stadium could be made. I'm not saying the league is blameless in the matter, but I think I can see where they may have been deceived by Cooper.
With regards to the news about the Collinsville site, I'm kind of surprised that this news is coming out just now. I would've expected this news a few months ago. I wonder if some sort of deadline was involved, and perhaps it only just recently passed, clearing way for the sale.
It's not too surprising considering the credit and real estate market these days. They held the property waiting for the markets to turn, and the market obviously didn't. It probably didn't make sense to put the land on the market from Thanksgiving-April 15 anyway as a lot of corporate decision makers employed by potential buyers are tied up: Holidays, 2011 budgeting, financial reporting obligations, tax planning, etc.
By Apr the investors would have a good handle on how their other stuff is going to do for 2011. If you think you're going to make some cash, you probably want to get rid of the property now, take the loss, and use the loss to avoid taxes on what is making you money ASAP, ie, this year. If your other business is crap, you might hold out another year hoping the market turns.
This assumes that these investors are competent individuals, however. If AC STL is any indication, that's probably a reach.
Cooper never owned the land. He just had buy/sell agreements in place if we got a team.
Thanks for the clarification. For some reason I thought the potential ownership group still had some sort of a stake there w/ the old landholders.
Still, it doesn't change the fact that selling the land off to a developer/corporation between Nov and at least mid-March isn't a good time to do so. It's beneficial to try to wait to get something done Apr-Aug.
For all we know, the land holders could have been hoping AC was still going to play this season and the project might (and hope for an MLS team within 3 or 4 years) still might not be entirely dead.
I never liked the site anyway. It was good for development in the area, but it wasn't the best place to draw crowds. The land east of Grand between 40 and 44 just east of SLU med would have been nice...beggars can't be choosers though. Something a little closer to the county would have been nice.
Curious: are those bix boxes east of McCausland on Manchester still empty?
No lie made by MLS.
Characteristics of Markets Where an Owner is About to Sign an Expansion Check
2 Filled with Soccer History
3 Full of potential
4 Did i mention Passionate
All of these have described St. Louis, Milwaukee, Rochester & Miami at one time. Not to mention Seattle, Portland & Salt Lake City.
As you mentioned below, a cleared expansion check is what MLS is most interested in. Some owners have more than a decade of losses they want to start making up.
I don't know. Good question.
I've always liked the area you mentioned.
I would also like to gut the old warehouses North of Lumier Casino and build there. Game followed buy Casino/The Landing would be fantastic.
plus Metrolink stop. If ever there is to be a MLS stadium in the STL region, a Metrolink stop within walking distance would be key.
Not sure the exact area you're talking about but the Villa Lighting building is for sale and I'm a big fan of the old Federal Mogul site at Vandeventer and Forest Park just south of SLU, and you could throw in the Old Armory for offices and training facility.
More or less. Somethings have moved in, but not enough to stand in the way of major development.
Looking at the aerial on google maps, I don't think either side is big enough to accomodate a stadium if expanded to MLS size. The short dimension of the site would need to be 500 feet min. Choteau to the rail right of way is shorter than that and so is 40 to Forest Park. Just looking at Crew, Toyota, HDC aerials, it looks like the site needs to be 500'x800' to barely squeeze the stadium and exterior walkways into a single parcel. You'd still need access to parking elsewhere.
It's something I guess.