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SBD/May 15, 2012/Facilities
Crowd Offers Mixed Reaction As Minnesota Governor Signs Vikings Stadium Bill
Published May 15, 2012
BOOK KEEPING: The AP’s Martiga Lohn wrote the Vikings stadium deal “involves plenty of public participation, but it also prevents the public from getting a look at the team's finances during their partnership to build the $975 million stadium.” Critics have said that the blanket protection “goes beyond current state law, leaving taxpayers in the dark on one of the state's biggest public works projects.” Lohn noted the stadium bill creates a new Minnesota Sports Facilities Authority with members appointed by Dayton and Ryback to "vet the team’s ability to fulfill its financial commitment to build, operate and repair the stadium over 30 years.” The list of companies that bid to build the stadium “will be kept confidential until the winner is selected.” Vikings VP/Public Affairs & Stadium Development Lester Bagley said that financial information "has also been kept confidential for the Twins and other NFL teams with stadium deals.” Dayton said, “The team is obviously anxious to get going, and the clock is ticking already in getting it opened as soon as possible, so that'll be top priority for the rest of this week” (AP, 5/14).
SETTING THE TONE: SI.com’s Peter King wrote, “I think the Minnesota stadium deal should be a template for future NFL stadium deals -- assuming the stadium's not in a state like California, where there is relatively little available in the realm of public financing.” King: “Turns out the Wilfs, who own the Vikings, will end up paying 49 percent of the stadium costs ($478 million of the $975 million bill), plus 65 percent of the annual operating costs every year for 20 years” (SI.com, 5/14).