Project Description Ballpark Village is an approximately $700 million mixed-use retail, entertainment, office and residential district being

developed in partnership by the St. Louis Cardinals and The Cordish Companies. Spanning seven city blocks on the 10-acre site just north of Busch Stadium, Ballpark Village will be the countrys first fully integrated mixed-use development designed to deliver the excitement and energy of the game day experience to a new neighborhood outside the stadium walls. Live District & Cardinals Hall of Fame Museum & Restaurant Anchor First Phase Live District Alive Year Round Cardinals Restaurant features seating with views into Stadium The $100 million first phase will include the development of a three story building housing a world-class Cardinals Hall of Fame Museum, a Cardinals-themed restaurant, and ticketed seating decks with views directly into Busch Stadium. The 30,000 square foot Cardinals Hall of Fame Museum & Cardinals Nation restaurant will showcase the teams extensive historical collection, second only to the National Baseball Hall of Fame in Cooperstown in terms of size. One of the most exciting elements of the initial phase of Ballpark Village is the development of the St. Louis Live! Plaza - - a central plaza covered by a retractable glass canopy helping ensure that downtown is alive with activity all year long. St. Louis Live! will include a state-of-the-art 40 foot LED screen that will provide guests the best sports viewing, as well as enhancing live events with an immersive audio and video experience. Development Team Makes Additional Financial Commitments to Jump-Start Development Developers Shoulder Risk While Demonstrating Commitment to Project In order to get the Ballpark Village underway, the St. Louis Cardinals and The Cordish Companies have made additional financial commitments to the project - - including committing to purchase all of the public bonds to ensure the project gets underway. The $100 million first phase of the project will include the construction of 100,000 sq. feet of retail and entertainment space on two blocks along Clark Street next to Busch Stadium (blocks 200 & 300). The first phase includes the development of public event space known as the Live Plaza, as well as streets, parking and site infrastructure for the entire 10-acre site. The remaining pad-ready development sites will allow for future phases to be developed more quickly since the basic infrastructure will already be in place.

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Location Seven city blocks on the 10-acre site just north of Busch Stadium that is bounded by 8th Street on the west, Walnut on the north, Broadway on the east and Clark Street on the south.

Creating Jobs The development of Ballpark Village is a welcome boost to our local economy that will provide for a significant number of construction jobs, as well as permanent jobs. Construction Jobs 1,160 Permanent Jobs 750

Phase 1

MODESA Process with the City & State The Missouri Downtown Economic Stimulus Act (MODESA) is an economic development incentive program designed to create jobs and facilitate the redevelopment of downtowns. The MODESA process for Ballpark Village began a couple of years ago, but was suspended before completion due to challenges in the credit markets. MODESA empowers the City of St. Louis to allow a developer to reinvest a portion of new tax revenue generated by the project back into the project to pay for certain public related project expenses, such as new streets, sidewalks, sewers and utilities. MODESA gives the City a way to make the public investments essential for redevelopment without digging into general revenue. The only tax revenue pledged is a portion of those created by the project itself. Since only a portion of the new tax revenue generated by the project is put back into the project, the additional tax revenue passes through to the City, the State, and other public entities such as the City of St. Louis School District and public transit agency Metro. The St. Louis Cardinals & The Cordish Companies The construction of Ballpark Village represents the culmination the Cardinals vision for their investment in downtown St. Louis that began with the opening of the new, privately financed $411 Busch Stadium in 2006. The Cardinals are developing Ballpark Village in partnership with The Cordish Companies. For generations, the Cordish family has grown The Cordish Companies into one of the worlds leading real estate development companies and a diverse group of successful entertainment-operating businesses. Cordish Companies entertainment and mixed use projects include the Kansas City Power & Light District, Louisville Fourth Street Live, and The Power Plant & Pier IV in Baltimore. The Live! brand is one of the most successful entertainment district brands in the country with locations across the country from Los Angeles to Philadelphia annually drawing between 4.5 million to 9 million visitors annually to each city.

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