Vikings stadium: Minneapolis, Ramsey County release final funding proposals

Categories: Vikings
Thumbnail image for Thumbnail image for vikings stadium handout.jpg
We now know how Minneapolis plans to help pay for something like this.
As far as the Vikings stadium controversy is concerned, the time for talk is nearing an end.

Today, Minneapolis and Ramsey County -- the two leading contenders to serve as the site of a new public-private NFL stadium -- submitted their final stadium funding proposals, less than two weeks before the start of this year's legislative session.

Which proposal has the inside track?

If you believe that any proposal relying on new taxes won't be viable, then the answer to that question is a resounding "Minneapolis!"

Minneapolis' plan, developed by Mayor R.T. Rybak and City Council President Barb Johnson, would pay for the public portion of a new stadium (along with the refurbishment of the Target Center) with existing taxes. A city press release published after the plan was submitted to Governor Dayton provides details:
rybak barb johnson.jpg
Rybak and Johnson believe the Metrodome site is best, but are willing to talk about alternatives.
In the plan, Mayor Rybak and Council President Johnson outlined Minneapolis' financial contribution to the capital and operating costs of a People's Stadium, which would be paid for by repurposing the taxes that currently fund the debt, operating and capital needs of the Minneapolis Convention Center. For a period of 30 years beginning in 2016, Minneapolis would contribute $6.5 million annually (inflated at 3% a year) to the operating and capital-maintenance costs of the People's Stadium, as well as a stream of revenues that would support $150 million of capital costs.
Though the Vikings have maintained all along that they want a new stadium in Arden Hills, speculation has mounted in recent days that the team might be amenable to building on a site near the Basilica of Saint Mary. But in their press release, Rybak and Johnson make it clear that they think the Metrodome site is preferable.

"While we are open to and engaged in continued discussions with the Vikings on the Linden Avenue site, we believe that Downtown East remains the best, lowest-cost option for a new Vikings stadium," the release says, indicating that while Minneapolis' funding proposal has been finalized, the site remains up for debate. The cost of a new stadium near the Basilica has been estimated at about $1.1 billion, while a new stadium on the Dome site would cost roughly $950 million.

Ramsey County's plan, on the other hand, relies on a new countywide three-percent food and beverage tax to fund the public portion of the stadium.

The Star Tribune reports that some key legislators have balked at giving Ramsey County authority to levy the tax for a $1.11 billion Vikings stadium in Arden Hills, but the county is arguing that many cities and counties have received similar permission over the past 30 years.

Tom Pelissero, senior editor for 1500ESPN.com, has been watching the Vikings stadium drive closely and offered up the following two tweets in the moments after the details of the final stadium proposals become public:
Pelissero later tweeted that he thinks a Vikings stadium deal will get done with the facility ultimately ending up on the Metrodome site.

David Brauer, who wrote a detailed analysis of Minneapolis' final stadium proposal for MinnPost, also offered up a couple interesting tweets:
With the final funding proposals on the table, now it's time for lawmakers to answer the question that will determine whether Minneapolis, Arden Hills, or Los Angeles is the site of the Vikings' new stadium -- is there a legislative appetite to turn any of these plans into reality?

The answer to that question will become clear over the next few weeks.

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4 comments
David Sweet
David Sweet

The iDome™would be the Worlds Most Famous Football Stadium & iPad Store. WE did meetdirectly with Gov Dayton 1/18. We are talking with our connection to Dubai about building onethere, (since they do have a lot of cash). iDome™  is OUR Trademark, for our http://www.Hollywood2050.com  storyline. In 2050 The TV shows for the iTV are all produced in iDome™ s all overthe world. We did speak directly with Gov Dayton 1/18 and will publish thevideo shortly on http://www.TheiDome.com . We did speak with many MOA retailers Thursday,1/19, and they all LOVED the idea. We will be doing a short in person surveysoon. 6 questions as our next step.and YES the MOA Apple Store Mgr LOVED THEIDEA! Our proposal is the ONLY one that has a VIABLE Financing plan, (privatelyfinanced)  iDome™, Hollywood 2050™ aretrademarks of Designer Systems Inc.© copyright 2012, all rights reserved. allintellectual property is retained by FBI Supervisory Special Agent Victor E. Hartman.

Clecocq
Clecocq

The Vikings will never be a particularly fun team to cheer for (in my opinion) until they build a decent stadium (preferably open-roofed) with lots and lots and lots of tailgating room.  If I can get a better view of the game at a local bar and not drive in traffic, pay to park, sit a thousand feet away, eat $8 hot dogs, then sit in traffic again to watch them, unless there is more of an experience that goes with it.  Walking into a big, heated, enclosed downtown Minneapolis dome, no matter how nice, is not the same as going down early (before the traffic) enjoying cooked brats in the snow alongside a purple painted bus with thousands of other devoted fans.  Until that experience comes back, you can keep your tickets.  Minneapolis is the very last place the Vikings should be.  Anyone heard of Lambeau Field?  Been to a Brewers game?  Say what you want about Wisconsin, they know how to build fan-based, rather than corporation- or polititian-based sports arenas.

LA Vikings Fan
LA Vikings Fan

I propose no tax money for a privately owned loser team.

You know what might be a better idea if we're just going to throw away money we don't even have just so we can have a football team?  Put it into a publicly owned team like Wisconsin.  We might even get a winning team out of that. They might not be complete babies asking for welfare/socialism in the form of a new stadium.  We've already got one, bought and paid for, that's NFL ready.

David Sweet
David Sweet

The iDome™would be the Worlds Most Famous Football Stadium & iPad Store. WE did meetdirectly with Gov Dayton 1/18. We are talking with our connection to Dubai about building onethere, (since they do have a lot of cash). iDome™  is OUR Trademark, for our http://www.Hollywood2050.com  storyline. In 2050 The TV shows for the iTV are all produced in iDome™ s all overthe world. We did speak directly with Gov Dayton 1/18 and will publish thevideo shortly on http://www.TheiDome.com . We did speak with many MOA retailers Thursday,1/19, and they all LOVED the idea. We will be doing a short in person surveysoon. 6 questions as our next step.and YES the MOA Apple Store Mgr LOVED THEIDEA! Our proposal is the ONLY one that has a VIABLE Financing plan, (privatelyfinanced)  iDome™, Hollywood 2050™ aretrademarks of Designer Systems Inc.© copyright 2012, all rights reserved. allintellectual property is retained by FBI Supervisory Special Agent Victor E. Hartman.

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