Analysis: City of Minneapolis $55 million short of stadium pledge

Minnesota Public Radio says the most detailed analysis yet on the stadium's financials finds the city will come up nearly 20 percent short of its pledge. "It doesn't add up," a city council member and stadium opponent says. The report also includes steep new fees, including a $25 parking fee on downtown streets during game days.
Author:
Updated:
Original:

Minnesota Public Radio says the most detailed analysis yet on the stadium's financials finds the city will come up nearly 20 percent short of its pledge. "It doesn't add up," a city council member and stadium opponent says. The report also includes steep new fees, including a $25 parking fee on downtown streets during game days.

Next Up

high school football

Minnesota Football Showcase postponed due to COVID-19

The MFCA All-Star Game will be played in June 2021.

Screen Shot 2020-10-31 at 7.26.05 AM

Here's what President Trump said on his visit to Minnesota

The president targeted Gov. Tim Walz and Keith Ellison at his Minnesota rally.

Screen Shot 2020-10-30 at 6.09.58 PM

Here's what Joe Biden said in Minnesota Friday

Presenting himself as the candidate for a united country, he pledged improvements on affordable healthcare, pandemic relief

Mohamed Ibrahim

Missed PAT seals Gophers' fate against Maryland

Mohamed Ibrahim tied a school record with four touchdowns, but the Gophers lost in overtime.

dnr trout stocking helicopter

DNR uses a helicopter to more efficiently stock lakes with trout

In the past, the DNR used airplanes to stock remote lakes with fish, but the survival rate of the fish was only 85%.

steve simon zoom call

Secretary of State explains plans for segregated absentee ballots

Election officials are reminding voters that it's too late to mail in your absentee ballots.

Halloween, trick-or-treating

Osterholm on safe trick-or-treating: 'I would say go ahead with it'

The infectious disease expert's opinion doesn't align with the CDC's guidance.

drop and go ballot plymouth

It's too late to mail your ballot, but you can still vote. Here's how.

Voters can drop off their absentee ballot, vote early in-person or head to the polls on Election Day.

2019-12-11 f1rst Wrestling Hanukka Havok-Darin Kamnetz-154

Dusting itself off after virus blow, F1rst Wrestling returns to the ring this Sunday

Minnesota's premier independent wrestling company was on top of the world before the virus hit.

1024px-McD-McRib

McDonald's is bringing the McRib back in December

It hasn't appeared on menus for eight years.

Related

Minneapolis willing to contribute $300-million towards Vikings' stadium

As the Vikings continue to push for a new stadium in Arden Hills, the city of Minneapolis offered up new plans Tuesday. Mayor RT Rybak says Minneapolis can contribute $300-million towards a new stadium. Rybak also says the city can offer "all of the revenue options that are necessary for the Vikings"

Minneapolis council member says stadium vote could go either way

Minneapolis' city council will vote this week on whether to approve the Vikings stadium plan that state lawmakers approved this month. Council member Gary Schiff says the vote will have a one vote margin. But whether it's for or against the stadium is not clear. Schiff says he'll vote against it. He wants to send the plan back to the Legislature to come up with a deal that's better for Minneapolis.

Minneapolis leaders say they have city council votes to approve stadium

Officials say they have support from a majority of the City Council, but lingering questions about financing and other issues mean the plan is still in question, Forum Communications reports. One key issue is how the state would pay its share of the cost. The current proposal would tap revenue from electronic pull-tabs and bingo, but some critics question whether that will cover the tab.

Letter shows Minneapolis City Council support for Vikings stadium legislation

The Pioneer Press obtained a draft letter to Gov. Mark Dayton and the stadium bill sponsors. The letter expresses majority support for the plan although there's no indication the letter was delivered. The letter says "we stand ready to be the local partner for a stadium solution." It also reinforces the requirement for Target Center improvements. Stadium legislation stalled in part because city officials balked at the plan.

White Earth tribe pitches Twin Cities casino to help build stadium

White Earth says it would split revenue 50-50 with the state and calls the plan "the only solution that is fair to all Minnesotans." Meanwhile, sports facilities chief Ted Mondale says a new plan to build a stadium behind the Dome in downtown Minneapolis could come within days.

Vikings stadium funding plan receives support from Minneapolis City Council

Minneapolis City Council members voted 7-6 in a decision to back the Vikings stadium funding plan, which is moving through the legislature. $675 million in city generated taxes will be retained through 2046 to fund the stadium.

With stadium proposals in, next move will be Dayton's

Stadium proposals landed on Mark Dayton's desk Thursday and the governor says he may pick a favorite next week. Minneapolis promised to kick in $6.5 million per year if the Vikings choose to stay in the city. Ramsey County, meanwhile, hiked its contribution to an Arden Hills site by another $75 million and boosted the total price tag over $1.1 billion by including road improvements.

Will Legislature step on Minneapolis charter with stadium bill? Wouldn't be the first time

The Vikings stadium bill that's pending at the Capitol would override Minneapolis' charter by directing city sales taxes to a stadium without a public referendum. But overruling city charters is nothing new for the Legislature. Both sides say it happens all the time.