Skip to comments.Vikings stadium: Senate passes bill financing new team home
Posted on 05/10/2012 12:31:09 PM PDT by TurboZamboni
The Minnesota Senate has approved a financing plan for a new Vikings stadium. By a 36-30 vote the afternoon of Thursday, May 10, senators passed the bill to fund a new $975 million stadium. The bill now heads to Gov. Mark Dayton for his signature. Dayton has been a ardent support of the bill. The Senate vote came hours after the Minnesota House gave its support to the plan. The deal is a compromise bill after a conference committee ironed out differences between earlier versions. A key change was requiring the team to pay an additional $50 million than first proposed.
(Excerpt) Read more at twincities.com ...
GOODY yet ANOTHER venue for my PACKERS to kick “Viking” A$$ in!
yet another govt debt creator ... to be paid by the local govt? hardly. their shortfall will be covered by the feds ... in other words, our federal income tax
if they didnt take one dime of govt money, at any level, then I’d have no problem with this
When you care enough to play on/in the VERY BEST:
does that happen ANYWHERE any more with the NFL?
all the leftist sports writers around here are singing the praises of Gov. Googlyeyes and his couragous arm twisting of his fellow leftist cohorts in the legislature for passing this despite their hatred of evil billionaires and millionaires.
IMHO, asking Statists to spend other people’s money isn’t a herculean task.
Why? If the Vikings want a new stadium, let the Vikings pay for a new stadium.
But wait, some may say. A stadium is good for the local economy. It brings jobs and money to the area.
Well, a Pizza Hut would the exact same thing in my area. Should my state therefore be building pizzerias for the Pizza Hut corporation?
so I guess the Hubert H. Humphrey Metrodome won’t be around to serve as the new capitol for a post-apocalyptic United States after all...
Do the Feds build NASCAR tracks anywhere? I think NASCAR has more fans than NFL football does. Just curious.
Anybody know if they are gonna steal[eminent domain] any of the proposed land? I know some of the land is owned by the Star Tribune.
I’ll never understand why taxpayers are put on the hook to finance private enterprise.
If they indeed to finance the stadium, do they not also have a right to a measurable percent of the profits (in addition to the normal scraps sports gods choose to throw back to the state)?
If the team is so d*mned wanted, then the “owners” should be able to pay all costs.
The bridges aren’t safe, but by gum we got ourselves a brand spanking new stadium.
That’s ok. Next bridge that falls , it will still be Pawlenty’s fault.
How about the deep impact it'll have to the local economy which does better with the old stadium, as there's less bells and whistles there to encourage spending, which means more money available to spend elsewhere before and after the game?
Ahh, yes, I can see it now. ‘Put a stop to the corrupt greed of millionaires’ will say the text, as Obama takes a striking pose against welfare for millionaires..
or crickets.. Crickets chirping seem to be just about as likely.
couldn’t they just takeover Camp Snoopy, add a retractable roof build an intimate stadium and then ya could shop eat and drink ‘til ya drop before and after games.. just askin’ :-]
I am proud to say I sat in a game in the snow at the ol’ Met. My older brother, since deceased and a 101st Screaming Eagle, took me as a kid. The Vikes won. Purple People Eaters .. now they eat quiche and drink wine..
A domed stadium, I presume? Can’t have the girls playing in the cold. They might get, well, cold or something.
If they were smart, they wouldn’t build a dome....four NFC titles playing outdoors, 0 NFC titles playing indoors.
The new stadium map that the vikings have posted on their website shows the "Red Star's" building and land marked as "Future development opportunities".
Otherwise the new plan has the thing sitting on the current dome site and taking up surrounding parking lots.
here is the link to their map: Downtown East Stadium Images
2012-2013 still MetroDome;2014-2015 @ TCF stadium(open stadium) ; 2016 1st scheduled game
So 2016 for the new stadium? Dome or not?
A cow pasture would serve that team (Vikings) as well. !!GO PACK!!
GO PACK GO!
# 19 shows domed
If the Vikings wanted to win, instead of maximizing profits, they would play outdoors, which would work to thei advantage at playoff time (assuming they are home team).
What is wrong with the old stadium(s)?
LostAngeles has the Coliseum and the Rose Bowl, but somehow modern wisdom concludes the attendees of today need something else.
Why not lower the ticket prices, lower parking, lower the players salaries, and play ball?
If fans don’t want to attend the games, maybe it is the neighborhood, not the stadium?
They packed the crappy old Metrodome...when they’re playing well.
The Twins have a nice new stadium and they’re the worst in baseball.
Taxpayers should never be on the hook to pay for private enterprise. This is nothing but corporate welfare that supports millionaire players and billionaire owners.
Target Center getting remodeled, too. And the Gopher baseball team is getting a stadium. So are the Saints.
Our state must be rich beyond belief! Maybe that Bakken oil field migrated to MN?
The cave was both inevitable and predictable. Unfortunately, it occurred with both houses of the Legislature controlled by Republicans, some of whom need to be reminded why they were elected.
There are a number of citizens of our fair state who have now forfeited their right to complain about infrastructure, education, and above all, taxes.
Within the last five years the taxpayers have been raided for funds for a University of Minnesota football stadium (Godawful team), the Twins (worst team in baseball) and now the Vikings (ne’er-do-wells).
Far too many idiots here who claim conservatism but evaporate when it’s time to show colors.
For the record: The Republican 49.
HOUSE REPUBLICANS VOTING YES (33)
Abeler (Anoka); Anderson, P. (Starbuck); Beard (Shakopee); Cornish (Vernon Center); Davids (Preston); Doepke (Orono); Fabian (Roseau); Garofalo (Farmington); Gottwalt (St. Cloud); Gunther (Fairmont); Hamilton (Mountain Lake); Hoppe (Chaska); Howes (Walker); Kelly (Red Wing); Kiel (Crookston); Kriesel (Cottage Grove); Lanning (Moorhead); LeMieur (Little Falls); McFarlane (White Bear Lake); McNamara (Hastings); Murdock (Ottertail); Murray (Albert Lea); Nornes (Fergus Falls); O’Driscoll (Sartell); Sanders (Blaine); Schomacker (Luverne); Shimanski (Silver Lake); Smith (Mound); Torkelson (Nelson Twp); Urdahl (Grove City); Vogel (Willmar); Westrom (Elbow Lake); Woodard (Belle Plaine)
SENATE REPUBLICANS VOTING YES (16)
John Carlson R 4 Y
Michelle L. Fischbach R 14 Y
Joe Gimse R 13 Y
John Howe R 28 Y
Bill Ingebrigtsen R 11 Y
Michael J. Jungbauer R 48 Y
Amy T. Koch R 19 Y
Doug Magnus R 22 Y
Geoff Michel R 41 Y
Jeremy R. Miller R 31 Y
Carla J. Nelson R 30 Y
Sean R.Nienow R 17 Y
John C. Pederson R 15 Y
Claire A. Robling R 35 Y
Julie A. Rosen R 24 Y
David H. Senjem R 29 Y
glad to see neither my rep. or sen. on that list.
My Democrat state senator got it right and voted no. I’m just sick about this.
A Pizza Hut actually creates wealth. NFL teams just transfer money from one pocket to another -- money that might otherwise be spent on movies, bars, or amusement parks.
A billion dollars for a pro-sports stadium is unconscionable and will drain money from the community rather than adding to it.
($4.63 million in 2012 dollars[2)
$295 million (2003 Renovation)
($373 million in 2012 dollars)
They still had glaciers up there when they first opened Lambeau Field!
Wait until the new stadium opens. You'll see the politicians that voted it in sitting in club seats / sky boxes with a smile on their face.
There audi be a law. Hide a watch to see how long it takes our elected representative (Republican or Democrat) to pass one.
Yup. The MSM will make a big splash about it, the local officials shaking hands and patting themselves on the back...
Just think of the dozens of people needed to hawk beer and hotdogs 8 Sundays a year. All for only a billion bucks.
Basically, the Vikings got everything they wanted - like the contract will say that the facility must be maintained as a “top tier” facility, the terms of which the NFL can dictate, so millions more in capital investment over the 30 years.
in inflation-adjusted dollars, the $60 million that was spent to build the current Metrodome would be about $300 in current dollars. So we’re overbuilding by $700 million.
Next election, I’m voting Roger Goodell for governor. He seems to really run the state.
The state will finance the taxpayer share with appropriation bonds, which are debt instruments to be repaid over time with interest.
Appropriation bonds are paid with an annual appropriation from the state’s general fund. Yes, the state’s general fund is at risk with appropriation bonds, unlike
Revenue bonds are bonds that are repaid with revenue from the particular capital project that is built with the bonds. For example, a community center can be built
with revenue bonds and then be repaid with revenues from the enterprise.
Appropriation bonds indeed put the state’s general fund at risk yet do not pledge the full faith and credit of the state to repay the bonds. General obligation bonds
Thus, some folks will argue that appropriation bonds are less risky for taxpayers precisely because they do not pledge the full faith and credit of the state.
This is really a distinction without a difference. If the financing mechanism for the stadium deal, electronic gambling, fails to produce revenues sufficient to repay
the bonds, it is highly unlikely the state would allow the bonds to go into default,even though there would be no legal argument to prevent such an outcome.
More likely, the state would simply rob other programs or raise taxes to fund the gap.
So yes, the taxpayers are at big risk regarding these bonds.
Which leads us to the next financing issue: gambling revenue.
The deal finances the bonds by allowing the state’s charities to implement two new kinds of gambling, electronic pull tabs and electronic bingo that links players in one location to players in other locations.
This gambling would be taxed with the revenues going into the general fund and then laundered back out to repay the bonds.
First, gambling revenues are incredibly volatile. To base 30 year bonds on a volatile revenue stream is risky, even reckless.
Second, this kind of gambling is new and unproven, adding to the risk. There is really no track record of this kind of gambling to offer and kind of reliable projections
upon which to base revenues.
And no, the answer to this problem wasn’t more gambling in the form of the so-called “racino,” as some Republicans proposed.
The state is going to come to regret turning to gambling to finance programs.
Gambling is a regressive tax visited upon those who can least afford it. Normally,our libertarian tendencies wouldn’t care, but the fact is that these addicts blow
their small earnings on gambling and then turn to the welfare system to pick up the pieces.
The state has no business preying on dopes who don’t know any better because the taxpayers end up footing a bigger bill in the long run.
It’s the coward’s way out. If Republicans want more government and more government spending, they ought to be big enough and honest to support honest tax increases
to pay for it.
Really, it’s been appalling to watch Republicans bray on and on about more gambling while attempting to claim the mantle of conservatism.
There’s nothing conservative about advocating for more governmental revenue to support more governmental programs, especially when those programs have nothing to do with
core functions of government (like building a stadium or bailing out the horse racing industry).
With the session over, maybe Republican leaders like RNC Committeewoman Pat Anderson can back to her job of rebuilding a broken, bankrupt state party instead of hanging out at the Capitol as a paid lobbyist for the gambling industry.
As expected, Minneapolis residents will get jobbed out of their right, pursuant to the city charter, to vote on the expenditure of city funds to build sports facilities
that require more than $10 million city funds.
The sophistry here is that the $150 million local share isn’t really Minneapolis money since it’s financed with a local tax that is state imposed.
If that’s true, is it really a local share? Shouldn’t that $150 million count towards the state share?
Despite being the legislative minority, Democrats in both the House and Senate provided the majority of votes for the stadium.
Yes, the DFL was responsible for a $350 million public subsidy for a Delaware based private corporation owned by a billionaire New Jersey real estate mogul.
Let the DFL never, ever be heard to complain of corporate greed, corporate welfare,or any BS about paying one’s “fair share.”
Every DFLer who voted for this bill put the lie to the “party of the workin’ man”
You offered up a subsidy to a member of the 1%, financed by gambling, which preys heavily on the bottom 1%.
And that includes a DFL governor who did little this session but advocate for this stadium, his clear number one priority.
The DFL wanted a stadium this session. Will they campaign on it? Don’t hold your breath.
How cynical and how very crass.
Photo I.D. Required!:
Did you know the Vikings bill requires the presentation of a photo identification.
It’s true! Check out HF 2958 https://www.revisor.mn.gov/bin/bldbill.php?bill=ccrhf2958A.html&session=ls87
the stadium bill. Article 4, section 52, subdivision 9(d) states: Before participatingin the play of a linked bingo game, a player must present and register a valid picture
identification card that includes the player’s address and date of birth.
It’s right there on page 71, lines 13-15.
So Democrats are opposed to a photo ID to vote but support photo ID to play bingo?
How cynical and how very crass.
Putting aside the merits of the stadium issue, every citizen should be appalled by the lack of transparency and secrecy surrounding the conference committee that
assembled the stadium bill behind closed doors.
Joint Rule 2.06 mandates: All Conference Committees shall be open to the public.As much as practical, meetings of Conference Committees shall be announced as far
in advance as possible, with the intent to provide a 24-hour notice, and actions taken shall be agreed upon in an open meeting.
This didn’t happen. Instead, the conference report was crafted behind closed doors,out of sight from the taxpaying public.
The conference committee played games by having different parties in separate rooms to avoid triggering a quorum of the conference committee which would then trigger
an open meeting.
Citizens were treated to the spectacle of the conference committee posting their bill before the committee even officially met. Just how in the he$$ does a conference
committee assemble and agree upon a conference report before they have even met?
They hid behind closed doors and cut a deal with the Vikings in a smoke-filled back room.What disservice to the people of this great state.
The Vikings bill didn’t just build a new home for the Vikings. It also will likely build one for the Saint Paul Saints.
Sources say that the Saint Paul legislative delegation was persuaded to support the Vikings stadium with a wink and a nod that the Saints would get a stadium as well.
Well, just take a look at the bonding bill [https://www.revisor.mn.gov/laws/?id=293&year=2012&type=0
that passed just days before the stadium bill.
Contained within is a provision that appropriates $47.5 million for capital project grants. Our sources say that a chunk of this money is set aside for a Saints stadium.
Anyone else out there who wants a stadium? Anyone the state has missed? How about that lingerie women’s football team?
Many conservatives are rightly ticked off about this bill and have expressed interest in stripping GOP legislators who supported the bill of endorsement.
The Watchdog encourages folks to take a different, more positive course of action.Namely, go out and work to support legislators who had the courage to oppose the
bill in the face of angry, hostile, venomous, mouth-breathing supporters who harassed legislators with profanity and threats throughout.
No matter where you live, there is a GOP legislator nearby who stood on principle.Even if it isn’t your legislator, support that person with your time, money, and
talents. Be positive. Be proactive.
Spending time hammering at a fellow Republican is counterproductive and only cheers the DFL. Work FOR something, not against.
'"If we're going to hand over hundreds of millions of dollars, at least make sure the fans get to watch," he told Yahoo! Sports on Thursday. "I thought it was worth a shot. There was a lot bipartisan support."
Except that his amendment, which was initially approved in the face of strong opposition from the Vikings, got wiped out in committee before the final bill reached the Senate floor. '
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