A Wednesday evening hearing of the Aldermanic Ways and Means Committee will include discussion of the financing agreement between the city and investors. That agreement must also pass for the stadium to be built.

If the aldermen approve the ballot language Friday, city officials will then petition the 22nd Circuit Court to allow the measure to go on the ballot. The city missed a 10-week deadline to place measures directly on the ballot. Under state law, a judge can order them on the ballot up to six weeks before an election.

The proposal would put $60 million in city money toward a soccer stadium, along with $95 million in private money. The ownership group would also pay for construction cost overruns, maintenance, and any shortfall in the city’s financial obligation if the public revenue source falls short of projections.

SC STL would also pay a $150 million expansion fee to the league for rights to a team.