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MN LEGISLATURE AGREES ON WILD ARENA FINANCING PLAN

          In MN, the '98 legislative sessions "neared its
     conclusion" after leaders reached agreement on financing for
     a $130M St. Paul hockey arena, according to Whereatt & Brown
     of the Minneapolis STAR TRIBUNE.  The "main parts" of the
     plan include a $65M interest-free loan from the state, a
     contribution of $30M by the city and a $35M contribution
     from the Wild.  Part of the state loan, $17M, would "be
     forgiven if the arena is opened for various public functions
     for 50 rent-free days a year.  Wild CEO Jac Sperling said
     that he saw "no problems working out an arrangement for
     rent-free events."  The team will also "still keep most of
     the money" from the facility, including naming rights, and
     suite and concession revenue.  Senate Majority Leader Roger
     Moe, who had withheld support on the arena, said he "won
     approval for other major bills 'all in exchange'" for the
     arena deal (STAR-TRIBUNE, 4/9).  Moe and House Speaker Phil
     Carruthers said repayment of the remaining $48M to the state
     "will be paid back by the team."  The city will also get
     $750,000 per year for 20 years from the state, about the
     same amount paid to the Target Center.  The agreement has
     the support of MN Gov. Arne Carlson (PIONEER PRESS, 4/9).

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