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SBD/March 5, 2013/Facilities
NFL Panthers' Stadium Renovation Plans Take Hit As State Denies Public Money
Published March 5, 2013
DON'T BET ON IT: In Minneapolis, Hopfensperger & Stassen-Berger reported Minnesota Gov. Mark Dayton on Thursday “reiterated his support for the Vikings stadium funding plan" despite the state forecasting that taxes from charitable gambling would "fall far short" of projections. Those revenues are now forecast to run $15M less "than was projected” this year, and $46M less in '14 and '15. Dayton said, “It’s not an insurmountable problem, but it is a problem. ... We will solve it.” He added that no bonds “have been sold to finance the new stadium," and that "none will be sold until August.” The gambling taxes were “projected to raise" the state’s $348M share of the Vikings' new $975M stadium. Hopes were “pinned on the introduction of new electronic pulltab and linked bingo games," but there has been a "slower-than-expected rollout of the games.” In November, $17.1M was "projected to be generated for stadium funding from the games this year, but that figure has "plunged" to $1.9M (STARTRIBUNE.com, 3/2).