Minnesota House OKs new Vikings Stadium ...
but raises the share Vikings' ownership would have to pay by $105 million.
A.P. / 5-8-12
ST. PAUL, Minn. -- The Minnesota Vikings took a giant step Monday night toward a new taxpayer-subsidized football stadium when the state House approved legislation, but lawmakers upped the share the team would have to pay.
The $975 million stadium plan passed the House on a 73-58 vote. The state Senate planned to act on a competing version Tuesday. Passage there would send the bill into final negotiations, putting the team closer than ever to a replacement for the aging Metrodome.
SNIP
Vikings vice president Lester Bagley, who has spent about a decade trying to get the team to this stage, also breathed a sigh of relief. But he said franchise owners will find it tough to stomach an amendment that would put the team on the hook for $105 million more.
LINK: http://espn.go.com/nfl/story/_/id/7900630/house-approves-975m-minnesota-vikings-stadium-raises-team-share
= new reply since forum marked as read
It is still $800 million in subsidies & he finds it "tough to stomach". You(referring to Vikes) won, no need to play that game.
From the sounds of things, Vikings ownership will agree to it & they could get a MLS team which is a bonus considering they play more home games than the NFL.
http://www.startribune.com/politics/statelocal/150883385.html
The state will pay $348 million in construction costs financed by a (quoting article--->
blink-on taxes should the state’s stadium share that would come from electronic bingo and pull tabs revenue fall short 10 percent admissions tax on stadium luxury seats and a sports-themed lottery game that would produce at least $2.1 million per year.
The Vikings new stadium cost was more than the $427 million the team had agreed to earlier this spring, but less than the $532 million than the House voted in favor of two nights ago. The Senate, following a long debate Tuesday, had voted to have the team pay $452 million plus agree to a series of user fees.
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The Stadium proposal also passed the Senate. As bad as these deals are for the city or state(both in the case of the Vikes) it is more costly for cities to maintain buildings with no resident as well as strengthening other team's relocation threats if they fail to provide the host team a sweetheart deal.
