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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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There are many reasons why StL real estate is so cheap…the main one is it will be even cheaper tomorrow. Too many politicians with too many bad ideas and too little talent dominate city and county government. Every large business knows this and will take full advantage of these weaknesses. This result should not surprise anyone who understands the StL region…
even Clayton sold its soul for Centene to watch it walk away.

— Unthinkable
2:56 pm March 26th, 2008

#76 it is the Republicans in outstate Missouri that are economically strangling St. Louis by taxing and not spending, because they have some kind of vendetta against the Democratic St. Louis area. Matt Blunt has said he doesn’t care about the urban areas and whenever St. Louis politicians try to do something in Jeff City, our envious neighbors across the state vote against us. What needs to be done is simple….we need a freakin MERGER! So we can step to the Missouri government with power as a single entity. St. Louis County is already like 20% of the states population and the St. Louis area is easily half.

— goat314
3:02 pm March 26th, 2008

Money talks. When BV gets built (and it will in some fashion or another), get down there and spend your money, that’s how you convince businesses to come/stay in the city. I’ve spent a ton of money at Famous/Macy’s downtown over the years, how about you? Call up Wachovia and tell them to transfer your AG Edwards accounts to Edward Jones. Use Enterprise for car rentals and drink AB products. If Centene moves out of town, start writing your congressman and demand they stop doing business with them. Try to convince your employer to move/stay in the city.

— mike
3:03 pm March 26th, 2008

So everyone here is saying the same thing. I think it’s pretty evident that the people of both St. Louis City and County are fed up with business as usual, and that our pride for our city is becoming increasingly uprooted from the depths due to the lack of results in the past 50 years.

What are WE going to do about it? Those of us who care, are taking the time to write on these boards, as writing on the internet is our only outlet of communication as citizens these days. There MUST be something we can do. We need to merge. We need to vote correctly. We need to abolish these silly political boundaries and stop having non-educated Joe Blow or some parochial alderman making decisions that impact a region of 2.8 million people.

We can we do, those of us who care?!

— Get it Together stl
3:05 pm March 26th, 2008

#84

Unfortunately, I think that ship has sailed. I don\’t see any way for a merger to happen unless you could somehow get someone at the state level to force it. Perhaps the city and inner ring suburbs could come up with some plan to work together on attracting business to the city, but even that would be a stretch I think.

— mike
3:16 pm March 26th, 2008

This comes as no surprise to me. Slay and friends have pi$$ed away anything decent in the city, all the while increasing taxes. Not like I wanted to pay taxes on a facility that I would never use since I can’t stand drunk suburbanites and terrible music, which is primarily what the downtown baseball crowd is all about. Maybe Slay & co. are not to blame, but I am becoming more and more disillusioned with STL every day and it’s reasonable to suspect our leaders have a lot to do with a rapidly-deteriorating city. I don’t blame Centene for considering options outside the region. And as a side note - I’m really disappointed that STL decided that another casino was prudent. How embarrassing that our city can allow another casino (that is not as posh as it’s been made out to be, trust me; there are just as many people at Lumiere in sweat pants as there are at any other crappy casino), rather than paying attention to the real issues this city is facing - multiple murders almost every day; increasing homeless population. STL is a slum, which is why I’m moving out of it.

— B
3:16 pm March 26th, 2008

st louis also has a union problem city teachers union convention center unions . the unions and the dems crime . keep voting for democrates st. louis will be just fine might look at crime rates before bying that loft

— billy bob
3:31 pm March 26th, 2008

Can anyone tell me what a Republican would do in the city of St. Louis? That a Democrat cant? Look at the stats idiots whenever a Republican is in office the crime rate is twice as high. Remember the crack era of the 80’s? guess who was President then! Your beloved Ronald Reagan who said that there were no hungry people in America when there are bums on the sidewalk 2 blocks away from the White House. This is not a Democrat or Republican issue. This is a St. Louis issue. We need a change in this region. Whether it be merger or impeaching this crappy St. Louis politicians.

— goat314
3:41 pm March 26th, 2008

Maybe I should run for mayor!!! Would anyone actually vote for me?

— Joe E.
4:01 pm March 26th, 2008

Very unfortunate. However, nothing surprises me with this new ownership. Things have changed. My personal opinion is that the team and everything associated with this ownership, will be sold within 5 years. I think this has been ongoing now for some time. I would hope I was wrong, but I have no faith in this group. It is, after all, a business and that is all the ownership is concerned with. If it isn’t providing what they wanted when they originally got into the baseball business, they will bail. A business decision is what they will call it.

I hope I am wrong.

— Pat
4:09 pm March 26th, 2008

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