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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.

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182 comments

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Another example of how nothing gets done in St. Louis. It’s embarrassing how far behind other cities we are. Forget about Boston, Chicago, Philly, who get it. But places like Louisville, and Indianapolis seem to be getting it done…but we can’t.

We have a perfect opportunity with the Arch, and stadium, to make something special of our riverfront area. We draw millions down there to the Arch every summer, but there’s NOTHING for them. You have to drive to the Central West End, or Soulard, or further west for shopping. The area downtown should have it all…shopping, theater, dining, and outdoor markets.

PLEASE wake up and get your act together and move the downtown forward. Our city is falling apart, and it’s the fault of our politicians and their inability to work together to get things done.

— Mike G
11:14 am March 26th, 2008

Ball park village was never going to happen like we were told at best we will get a couple restaurants put there. Pinnacle will never build the Lemay casino like we were told at best they will move the Admiral down there. We all saw this from day one on both of these projects. Do the city and the developers think were stupid.

— George Reinheimer
11:18 am March 26th, 2008

funny how they were so excited and all plans to get started were pushed back all for centeen. Interesting how they are 2-4 cents in dividends below expectations. then suddenly able to purchase another medical comapny for a biilion dollars. announcing ballpark villiage site sure boosted there name, nice pr move. Hey, mayor slay fine them and make no exceptions to the penalties for breaking the contract and by the way centeen thanks for contining the urban blite image we will show the country for the all-star game.

— mri2006
11:21 am March 26th, 2008

“I find it hard to believe the city is behind this failure. This smells more like the Cardinals ownership and their pathetic cheap-mindedness.”

I completely agree with this comment - I have huge doubts that it was the City and it’s leaders that dropped the ball on this one. This reeks of typical corporate hostage-taking.

It will be interesting to read Centene’s and the Cardinals excuses for this - most likely, they wanted a whole lot of something for nothing: that is, few taxes paid by them and the bulk of the expenses paid by us, the taxpayers. After all, holding the city and state hostage was how they got the stadium built by using OUR tax dollars in the first place.

and part of the deal was the Ballpark Village - which will never see the light of day. Why? Most likely, because the city refused to pay for the project.

Don’t blame Slay - blame Centene and the DeWitts for their typical corporate greed and lies.

— The Truth
11:25 am March 26th, 2008

How complicated could this have been to get done? It’s a friggin BUILDING. You know, the kind that have been built for a century? Glass and steel? Complicated deal? OOF, a punch to the stomach of the city, and to the budding inept management of mini Bill DeWitt.

— Jeffrey Edelman
11:30 am March 26th, 2008

What a suprise. First they cannot get the property they want in Clayton their way now they back out of this deal most likely because they did not get it their way. As far as I am concerned Centene can leave and find someone willing to put up with their bull.

— Fred
11:30 am March 26th, 2008

Not really a huge surprise. The city of Clayton recently bought the land that Centene wanted for their headquarters. I would imagine they’ll probably end up there again.

— Brad
11:31 am March 26th, 2008

Andrew: Thanks for the comment. I have posted the full text of Centene’s statement in the body of this Talk of the Day entry.

— Kurt Greenbaum
11:36 am March 26th, 2008

come on st. louis you have been duped by greedy owners. they pulled the same thing in texas. tthey had no intension of building ball park vilage. the are going to milk the cardinals for every dollar they can squeeze and then they will sell for a profit ann move to the next city

— ken
11:37 am March 26th, 2008

At a minimum, can’t the city plant some grass over the site and throw in a couple trees. At least turn it into green space until a long-term, viable deal can be established. Turn the big hole into a pond or fountain or something, it is nearly at that point now. Do anything to change this ugly blemish into something tollerable.

— CC
11:38 am March 26th, 2008

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