Menu
Facilities

County's Target Field Debt On Track To Be Paid Off 10 Years Earlier Than Expected

Hennepin County (Minn.) remains on track to "pay off its Target Field debt a decade earlier than expected," according to sources cited by David Chanen of the Minneapolis STAR TRIBUNE. Construction of the $555M ballpark included $350M in "funding from the county." The county "planned to pay it off over 30 years," or by '37, but "now expects to pay the debt" by '27. Excess revenue from the ballpark sales tax, plus lower interest rates, have "helped the county save money and pay off bonds sooner than expected." An early payoff on the debt would mean that taxpayers "could see an early end to the sales tax, which amounts to 3 cents on every $20 spent." The county "paid off one of three series of bonds in November, 21 years sooner" than the $75M bond was initially due. And last week, the county refinanced $150M in bonds, which "could be paid off" by '32 -- five years early (Minneapolis STAR TRIBUNE, 10/12).

SBJ Morning Buzzcast: March 18, 2024

Sports Business Awards nominees unveiled; NWSL's historic opening weekend and takeaways from CFP deal

ESPN’s Jay Bilas, BTN’s Meghan McKeown, and a deep dive into AppleTV+’s The Dynasty

On this week’s Sports Media Podcast from the New York Post and Sports Business Journal, ESPN’s Jay Bilas talks all things NCAA. Big Ten Network’s Meghan McKeown shares her insight into the Caitlin Clark craze. The Boston Globe’s Chad Finn chats all things Bean Town. And SBJ’s Xavier Hunter drops in to share his findings on how the NWSL is making a social media push.

Learn more about your ad choices. Visit megaphone.fm/adchoices

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2017/10/12/Facilities/Target-Field.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2017/10/12/Facilities/Target-Field.aspx

CLOSE