Obama budget could disrupt funding for new STL stadium

An effort to build a new stadium for the St. Louis Rams could hit a snag if a provision in President Barack Obama’s proposed budget makes it into law.

Under the president’s budget plan, states and cities would no longer be able to use tax-exempt bonds to help pay for professional sports venues, St. Louis Public Radio reports.

Funding plans for the proposed stadium include private investment and a possible extension of tax-exempt bonds being used to pay off the Edward Jones Dome.

Read more from St. Louis Public Radio.