Litigation danger forCardinals stadium bonds



Bondholders of the new stadium for the St. Louis Cardinals are waging a legal battle against St. Louis County to secure a $2.7 million payment due on May 1.

In mid-November, UMB Bank, which represents bondholders who purchased nearly $46 million in bonds to help finance the $398 million stadium, filed a lawsuit in St. Louis County Circuit Court, according to the St. Louis Post-Dispatch.

At the heart of the lawsuit is Proposition A, which states that St. Louis County requires voter approval before

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