I Just recieved this from Minnesota Momentum
The Vikings and Ramsey County proposed a joint user-based finance proposal on Monday to fund necessary off-site transportation needs to support a new stadium in Arden Hills. Despite the fact that many of the long-term road improvements will serve a much broader public purpose and help address transportation needs for the entire region regardless of a stadium, the plan follows the theme of "those who use or benefit from the stadium pay."
More after the jump....
To view / download a PDF that outlines the infrastructure financing discussion in more detail follow this link: http://activ8.convio.net/site/R?i=c6b-povyKBCZKcpies6s7A..
"We continue to respond to every request State leaders make, "said Vikings Vice President Lester Bagley. "We found a strong local partner and the best stadium site, made significant financial commitments from both the team and the County, and now we have provided a creative finance proposal to resolve the off-site transportation needs." Those transportation needs are estimated to cost between $110 and $131 million by the Minnesota Department of Transportation (MnDOT). To close that gap, the Vikings-Ramsey County plan unveiled on Monday will generate up to $81 million in user-based funding and rely on regional and federal transportation-related grants and sales tax exemptions on road construction materials for the remaining $50 million. The proposal presents two options - one that involves Ramsey County issuing bonds and the other that involves an interest-free advance from MnDOT. Vikings ownership also held productive meetings with Governor Dayton and legislative leaders on Tuesday regarding the latest on the Arden Hills stadium proposal. The team continues to prepare for a stadium discussion during a special session. "We are confident that when the legislature and the governor are ready to consider a stadium proposal as part of a special session, we will have a comprehensive package in front of them," said Bagley. If you have any questions, please email email@example.com. Thank you for your support! Sincerely, Minnesota Momentum