Vikings Consider Stimulus Money, Suburbs For New Stadium
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Vikings May Consider About A Half Dozen
Suburban Sites For New Stadium |
Vikings officials Friday said that the team is "looking at federal stimulus money to help them build a new home that just might be located in the suburbs," according to Kaszuba & Levy of the Minneapolis STAR TRIBUNE. To help finance a deal for a stadium, the team is "exploring federal Build America Bonds," along with a possible 2% increase in the "hospitality tax across the seven-county metro area." Vikings VP/Public Affairs & Stadium Development Lester Bagley said that the bonds could provide up to $1M a year to "help make interest payments on a stadium, which is projected to cost" $870M. Bagley also noted that private developers and local government officials have "approached the team about a half dozen potential Twin Cities suburban sites." Kaszuba & Levy noted Bagley's "hints at a suburban location for a stadium were intriguing but came with few details." Bagley's comments were the "first public signs of a tentative blueprint for how the team might assemble a public financing package" at the Minnesota state Legislature, which convenes in two weeks. Bagley noted that the team is "frustrated with critics who keep asking how much the Vikings were willing to commit to a stadium." Bagley: "Why is it on us to talk about our investment? Where's the public side of the equation?" (Minneapolis STAR TRIBUNE, 1/23).
WATCHFUL EYE: In St. Paul, Jason Hoppin wrote the Vikings' "hopes for a new taxpayer-subsidized football stadium are going to rest, in significant measure, on the shoulders of one person -- the next governor" of Minnesota. The team has said that it "holds out hopes of striking a deal with" current Gov. Tim Pawlenty, who will not seek re-election. But Hoppin noted if that does not happen before Pawlenty leaves office, a survey of candidates for the governorship indicated that Democrats are "more willing to use public dollars to help fund a stadium than Republicans" (ST. PAUL PIONEER PRESS, 1/23).
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