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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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Apparently the city didn’t pony up enough freebies for Centente to be swayed more. I knew this was never going to get finalized.

When will the city change? How about voting OUT the Democrats and try some Republicans. You people have been electing the same old guard for decades. Dump that antiquated Earning Tax which is driving, or has driven, a lot of people and business away. Take some of that $1.9 million generated so far from the red light cameras and fix the streets. Also, pick up the trash I see everywhere I drive in the city.

In the meantime somebody please get a bulldozer and fill in the gaping hole in the ground and level the area out. Plant some grass and some trees so it doesn’t look like the land that time forgot when the blimp takes an aerial shot of the stadium during baseball season. Let famlies have picnics on that land before ball games. Come on St. Louis and Cardinals leaders, it’s not rocket science here. Perception is everything and what outsides percieve is a dump.

— AJ
11:39 am March 26th, 2008

My bet is the DeWitts and the Cardinals. They bought a team, got the city to build them a stadium, and made a fortune doing it. You don’t see them investing in the team, why would they invest in downtown. Just wait and see after the All-Star game you will see the Cardinals up for sale. I don’t blame the mayors office for not completing the deal. It’s got to be a hard sell to convence a company to move to downtown where everyone has already been forced to move out to make way for empty lofts.

— Fooled Again
11:40 am March 26th, 2008

Let Cordish finish the project like they started too. They did a great job with the Power & Light district in Kansas City. Who cares a the greedy Cardinals. It is almost time for the owners to pack up and con another city. REMEMBER TEXAS RANGERS. Cardinal owners don’t want whats best for St, Louis. They just want free money, free money. I said many years ago, if I could find a way to remove them I would at a heartbeat.

— shuttletrain
11:43 am March 26th, 2008

It’s absurd to suggest that corporate greed has anything to do with the demise of Ballpark Village, or the city for that matter. It’s simple economics. What incentives do the Cardinals or Centene have to get the deal done? Those incentives must come from the government. The government knew going in that this would be difficult. Still, they have to be the arbiter here because of the significance of the project.

For one, if it weren’t for the Cardinals, this city would have been dead a long time ago. The Cardinals have propped up St. Louis’ image and supported the local economy for some 30 years now. What has the government done?

As for blaming Centene, the city of St. Louis needed this deal to get done much more than Centene did. And to that point, it’s incumbent upon the St. Louis government to get it done. No excuses. What has the government done?

If you truly want to place blame, put it on the corrupt St. Louis government and patronage system. The point made about Louisville’s and Indy’s resurgence is well-taken. Those cities have made it a priority to redevelop riverfronts and downtrodden areas. Furthermore, the government has made the choice to become business-friendly. What has the St. Louis government done?

Sure, St. Louis has huge potential. But for my money (and obviously businesses’ money as well), this place is hopeless. Given the mass exodus of jobs and corporate presence in St. Louis over the past decades, you would think our elected officials would get the point.

— GenY
11:53 am March 26th, 2008

The powers that be can build whatever they want to build there as long as they don’t ask the citizens, the average Mary & Joe, to fund it. We are tired of funding projects that we can not afford bring our families and enjoy.

Our family used to be able to go to at least a couple of games per year. Not any more.

Frustrated….

— PAC
11:55 am March 26th, 2008

I am a native St. Louisian who is currently working and living out-of-state. I have often dreamed of returning to my beloved hometown.

Unfortunately this is just one more example of why I am becoming more cynical about things like Ballpark Village, Kiel Opera House, and so many other projects - like an aquirium on the riverfront - not getting completed.

I never thought I would say this, but I am becoming increasingly embarrassed to call St. Louis my hometown. Maybe one day down the road the civic & political leaders will get their acts together and get something completed for once!!!!!

— Ryan
11:56 am March 26th, 2008

The elected leaders and the Cardinals represent the soul, spirit and class of St Louis. The downward spiral will only end when the general public insist on better…so don’t bank on it.

— TrulyEmbarrassed
12:02 pm March 26th, 2008

Now THIS is what public domain was meant for. The “Partners” have no plan to go forward. Blight it, buy it for “fair market”, smooth it over and plant some grass. Maybe let local artists display some work, whatever! Then when someone has a real plan for the space the city can react quickly.

— Michael Dusold
12:05 pm March 26th, 2008

Wow….another blow to the city. How many more can this city take. I am a big supporter of the city and really hope it can turn around but all the lofts in the world will not save downtown. JOBS are the key!! Way to blow another one STL! This makes me want to take up roots and move to another city that can get around all of the political crap and get things done.

— Tim
12:07 pm March 26th, 2008

The smartest guy in the “hole” mess is Lamping…he got out while the gettings good. can you say “sinking ship” ? Maybe stock the lake that exists on the site and have fishing contests before all the games.

— TOM
12:07 pm March 26th, 2008

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