Interesting article on stadium funding

The Arden Hills site has a funding problem because the state refused to waive the state referendum requirement. The Metrodome site has problems of its' own. Some of the Metrodome's funding problems also apply to the other Minneapolis potential sites.

6 months ago Odin 5 comments 0 recs |

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Can we throw all the bums out?

The city council comments reported in that article are depressing.

by amiller92 on Dec 9, 2011 2:54 PM CST reply actions

I had forgotten about the $10 mil limit in the city charter.

Don’t like that. I think any Minneapolis site will need Hennepin County involvement.

Your fantasy football expert since Jerry Rice's rookie year.

by Odin on Dec 9, 2011 3:08 PM CST up reply actions

And unless I miss my guess

Hennepin County is already pretty heavily tied up in Target Field, aren’t they?

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by Christopher Gates on Dec 9, 2011 3:30 PM CST up reply actions

According to Wikipedia

Hennepin County pays for 2/3 of the cost of Target Field with a 0.15% county sales tax. I do not how that directly affects A Vikings stadium. Irregardless, if this funding vehicle was used for a Viking Stadium, it would have to go to a referendum or get a waiver like Ramsey County tried. (my opinion) Here is the link.

http://en.wikipedia.org/wiki/Target_Field#Legislation_and_funding

Make sure you go to the legislation and funding portion of the link. It’s there. Really it is.