Live from the Kiel Opera House hearing
We’re here live at the Board of Aldermen’s subcommittee hearing on the Kiel Opera House redevelopment.
This could be a key event for the proposed $74 million rehab. This committee has the ability to stop the project in its tracks and send SCP Worldwide back to the financial drawing board. Or it could move the project forward to the wider Board of Aldermen for a vote on the redevelopment plan and $29 million in city-backed bonds that are key to making the rehab happen.
We’re expecting more opposition from Fox Associates, owners of the Fabulous Fox Theater in Midtown, which has loudly voiced its concerns about using roughly $60 million in public money to subsidize what would essentially be a competing theater. But folks from SCP have told us they’ll be more aggressive in making their case this morning, too, as opposed to last week when they let city officials do most of the talking.
Anyway, the room is starting to fill up here and they’re testing the mic. The hearing’s about to begin. Check back in a bit for an update.
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Let’s all relax a bit. Kiel is a downtown performing arts center
that can accommodate festivals, shows, concerts, special events,
gradations, and exhibits while the Fox is doing its wonderful thing.
KIel puts us back in the travel-for-entertainment big time-
overnights stays, overnights says, overnights stays.
If the Rams and Cardinals - the franchises and where the perform -
can gobble up a billion..yes it is close to a billion by now…
or will be with the state’s 188 million.
Doesnt $60 million for a year round revenue producer…make just
a little sense? I would like the Checketts organization in
honor of Henry Kiel..render to the people of St. Louis 25% of
any subnamings revenue…Bill Laurie sold the name Kiel off
the hockey arena and kept the money…or the stock or whatever.
I think Mr. Checketts is a cut above. And proving it every day