Mitchell Long, a St. Charles County father, said he found the noose hanging inside a restroom near the football field behind Francis Howell Central High School.
Neal Richardson, the president of the St. Louis Development Corp., said the money will include grants ranging from $15,000 to several hundred thousand dollars.
The Department of Justice has charged Lisa Findley with faking documents, forging signatures and pretending to be different people in the Graceland scheme.
Cardinals President Bill DeWitt III said improvements aimed at expanding the lifespan of the stadium would require a "big infusion of capital" in the next few years.