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VIKINGS REPORTEDLY OFFER DEAL WITH TWINS AND GOPHERS
Published March 28, 1995
The Vikings will propose a partnership with the Twins and the Metropolitan Sports Facilities Commission (MSFC), which would result in free rent and revenue sharing at the Metrodome for University of Minnesota men's athletics, according the Charley Walters of the ST. PAUL PIONEER PRESS. The Vikings own the 115 suites in the facility and would sell those to the sports commission, who would pay for them "with its nearly $30 million in reserves." The proposition still needs to be agreed to by the Twins and the MSFC (ST. PAUL PIONEER PRESS, 3/26). This morning, Walters reports the MSFC is "willing to listen" to a proposal from the team, but the deal "has to make financial sense to the commission, which, incidentally, wouldn't mind taking over the Vikings novelty operation" (ST. PAUL PIONEER PRESS, 3/28). MORE TWIN CITIES NEWS: Despite the fact that $84.6M in bonds were issued on Thursday and businessman Glen Taylor has completed his purchase of the Timberwolves, two state legislators introduced a bill to make "technical corrections" in the state's $750,000 annual contribution to the Target Center. The city- backed Minneapolis Community Development Agency bought the arena, when the planned sale to the MSFC ran afoul of federal tax laws. Kathryn Keeley, chief of staff for Minneapolis Mayor Sharon Sayles Benton: "The money has changed hands; the deal is done. I'm surprised that after everything is done this would come up now" (Kevin Diaz, Minneapolis STAR TRIBUNE, 3/28).