An agreement has been reached on dividing up the more than half a billion dollars in Rams settlement money between the Regional Sports Authority and the City and County of St. Louis.
The city of St. Louis gets the largest share, at $250 million, the County gets $169 million and the RSA's share is $70 million.
"Surprised it took a year to get this done," says County Councilman Tim Fitch, "and much of that money sat in the bank without accruing interesting until very recently. I'd love to know how many millions of dollars that cost the taxpayers. Fitch says he is pleased with the share. "Remember we put no money at risk. We were just a party to the lawsuit, so the fact that we were able to get that much is a little bit surprising. I didn't think it would be that much."
The City can also get an additional $30-million if the Board of Aldemen agree to spend it on the Convention Center expansion. Otherwise, the RSA would get that cash.
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