St. Louis to consider funding to upgrade Scottrade Center (Yahoo Sports)

St. Louis aldermen will consider spending about $4 million annually for 20 years to help fund renovations of the city-owned arena that is home to the St. Louis Blues and other events. A proposal outlined at a news conference Tuesday would use city tax revenue that the Scottrade Center generates to finance an estimated $67.5 million in bonds to pay for improvements to the 22-year-old building. Blues chairman Tom Stillman said the upgrades are badly needed or St. Louis could lose out on future events like the national NCAA wrestling championship, basketball regionals, concerts and other big draws.