Web Search powered by YAHOO! SEARCH
03.26.2008 10:07 am

Centene pulls out of Ballpark Village; is the project dead?

St. Louis Post-Dispatch

We’re reporting now that “Centene Corp.’s much touted move to Ballpark Village in downtown St. Louis is dead.”

That’s according to the early version of our story on STLtoday here.

The company put out a news release today, coinciding with the release of documents the Post-Dispatch had requested two months ago related to the Ballpark Village project.

City leaders and Centene officials announced in September that the company would relocate its headquarters to the proposed retailing and entertainment district near Busch Stadium. Few details have been forthcoming about Centene’s $250 million proposal or the Ballpark Village development since then and speculation has been growing that Centene would pull out.

Now it’s happened. Are you surprised? What does this mean for the Ballpark Village project at large?

UPDATE: Here is the full text of Centene’s statement.

Ballpark Village was unable to accommodate Centene’s plans for our world headquarters which we deeply regret and are disappointed to announce. Since our announcement in September 2007 , we have been working closely with representatives of Ballpark Village to finalize details for this project.

Despite the best efforts of everyone involved, we could not bring our plans to fruition. We were committed and excited to move our headquarters downtown, as we recognize that Ballpark Village will help strengthen the region and we wanted to be part of this. We wish the Cardinals and the developers of Ballpark Village nothing but the best in their efforts to complete this important retail and mixed-use development.

We are currently resuming the evaluation of other potential options for the location of our corporate headquarters, both in and out of the region. We very much appreciate the commitment that leaders of this community, especially Mayor Francis Slay and his staff, have shown throughout this unusually long and public process. We remain hopeful that we can work together with local leaders to keep our growing company in the St. Louis region, if not downtown.

We will keep you updated as our search progresses.

ANOTHER UPDATE: Here’s the statement that just came out from the Cardinals and Cordish.

STATEMENT: ST. LOUIS CARDINALS AND THE CORDISH COMPANY

The St. Louis Cardinals and The Cordish Company believe that Centene would have been a great addition to Ballpark Village. We are disappointed that the parties could not come to an agreement, despite months of effort and the best intentions of the City, Centene, and the Ballpark Village team. Ultimately, the many complexities of Centene’s proposed project in Ballpark Village proved insurmountable.

We will now work immediately with the City and State to finalize all public approvals and commence construction of Ballpark Village. The Ballpark Village partnership is in the unique position of having its private financing in place, and we are ready, willing, and able to proceed. Our vision has not changed — Ballpark Village will be a world-class mixed-use project that will positively transform the City of St. Louis.

1 Star2 Stars3 Stars4 Stars5 Stars (15 votes, average: 2.67 out of 5)
Loading ... Loading ...
Tags:
182 comments

Comments are closed.

I’m kinda mad and glad this didn’t go through, because now we get to address some much needed issues in the St. Louis areas. For one this area is in desperate need of unity and a major ego boost and none of this will get done until we get rid of those damn politicians and little small ass cities. We have almost 100 little towns in St. Louis County and over 28 alderman in the city, With all these damn elected officials nothing will ever get done. We also need to MERGE the city and county. You see what it has done for Louisville and Indianapolis, why not us? Look at all the cities that have passed us by in recent years because St. Louis refuses to move into the 21st century. I say we start a petition to get rid of all these damn politicians, we have more politicians in St. Louis than New York, LA, and Chicago combined and we don’t have the population to support that. In order for St. Louis to progress we need the people to get involved.
Check out this urban discussions website. http://www.urbanstl.com, there are people here who care we just need to find each either and get organized to take our city back and make it serve us and not these greedy politicians that fuel racial, political, and emotion difference to get there way.

— goat314
9:39 pm March 26th, 2008

Yeah, today’s news is tragic. What is more disappointing is not the Cardinals or the Mayor, but most on thoseon this blog who project a small-minded, conservative and short-sighted view of the situation. Over the years many critiized building an arena for the Blues, they critized building a stadium for the Rams too, thinking a team would never come, and an airport in Illinois, as well as efforts to retain Ralston Purina. I would bet many of these same nansayers are on this blog. Every thriving U.S. metro area (Chicago, Atlanta, Seattle) has successfully galvanized support for the business community. The difference is that these areas are willing to take risks. Do they always success? No of course not.

Sadly this level of support for risk taking does not exist in the St. Louis metro area. Not surprisingly Centene is looking to leave. Do you blame them? If you are resistent to progress and business development, move to Fort Wayne, IN. If you hate big business, move to Paducah, KY. Lastly, if you think you can separate downtown’s ill’s from the region, your smoking something illegal. More often than not, business travelers and tourists developing their impression of the region by what they see downtown. You can no more separate Chestfield from Downtown St. Louis, than you can separate Bloomfield Hills from Detroit. If the core becomes rotton, the whole region is spoiled.

— Chicago
9:50 pm March 26th, 2008

I don’t need anymore convincing to know this project isn’t going to happen, or at least not without a lot more of the people’s money.

— larry
10:06 pm March 26th, 2008

It is time for the city of Saint Louis to declare the area blighted and start the process to take it over under eminent domain. It’s time to play hardball with the Cardinals.

— Doug
10:19 pm March 26th, 2008

This city continues to disgust me with its inability to do anything or attract anyone. It is completely business hostile. Every time I return home to this city and pass through the pathetic excuse for an airport and then drive through the burned out and barely alive downtown area I wonder why I stay here and why I actually thought that something may change while I was away. Leadership, progressive thinking, pride, action…maybe some of these politicians and aldermen will take a little of this to heart and try to make this city something great again. 1904 is gone people, let it die would you?

Maybe the politicians from the other 90+ municipalities in the County will show some interest.

— Jay
10:21 pm March 26th, 2008

OMG THIS IS SUCH A TRADEGY! BOOHOOHOO! Get real here people. Does it really matter if a Ballpark Village gets built or not? Some A-hole corporation hooked to a Chilis and a Red Robin. Yeah that would have brought in all the big tourist dollars. Im sure we would have surpassed Vegas as a vacation destination with that awesome attraction. Do you people remember when we payed for the TWA Dome and we were told we had to have it to handle all the huge conventions we were gonna get? Its used 8 days a year unless the Pope visits last time I checked. I swear I dont think any of these posts are coming from native St Louisians. You sound like a bunch of spoiled east coasters who were forced to relocate here from your corporate headquarters. I for one will take a new casino over a damn strip mall with office space anyday. So after reading these posts my advice is grow up. And get used to disappointment. This is STL ya know.

— tim
10:40 pm March 26th, 2008

Centene is a company full of wimps!

— robsmyth
10:46 pm March 26th, 2008

No Tax money for these idiots! They want a lake? They should get a lake for all of MLB to see when the All-Star Game comes to town. These supposed leaders are a failure and should be exposed as such. Every time I’ve been to a Cardinals I and look at where ball park village is supposed to be I think I am in baseball hell! This is a joke! Just let it sit!!

— dog
10:58 pm March 26th, 2008

No Tax money for these idiots! They want a lake? They should get a lake for all of MLB to see when the All-Star Game come to town. These supposed leaders are a failure and should be exposed as such. Every time I’ve been to a Cardinals game I look at where ball park village is supposed to be and I think I am in baseball hell!. This is a joke ! Just let it sit!!

— dog
11:04 pm March 26th, 2008

A rumor around work today is that Centene is going to lease/purchase the tallest building in the AG Edwards/Wachovia Securities Complex and share the campus with Wachovia Securities, and that this option killed the ballpark village deal.

— CJB
11:07 pm March 26th, 2008

Pages: « 17 8 9 10 11 [12] 13 14 15 16 1719 » Show All