UPDATE: Deal Would Put New Vikings Stadium Near Metrodome
ST. PAUL (AP) – Gov. Mark Dayton and legislative leaders are detailing a new proposal to build a $975 million stadium for the Minnesota Vikings.
The proposal would put the new stadium nearly on top of the current Metrodome site in Minneapolis.
The state would pay $398 million upfront, with the city of Minneapolis contributing $150 million. The Vikings would pay $427 million up front.
The Vikings say that when operational costs are considered, they would pay a bit more than half of the cost of the stadium over time.
At a Capitol news conference, Dayton said the proposal depends on support from the Minneapolis City Council and the Legislature.
The state’s share of the money would come from expanding pulltab gambling games to include an electronic version, while the city’s contribution would come from redirecting existing convention center and hospitality taxes.
(Copyright 2012 by The Associated Press. All Rights Reserved)