Legal challenge postpones stadium bond sale; delay could disrupt timeline

Author:
Updated:
Original:

A $468 million bond sale to finance part of the new Vikings stadium will not take place as planned on Monday and Tuesday, the Star Tribune reports.

The newspaper says a legal challenge filed on Friday led state budget and stadium officials to postpone the bond sale. If it's not resolved soon, the court action could push back the opening of a new stadium by a year, the chairwoman of the Minnesota Sports Facilities Authority said.

Friday's challenge came from former Minneapolis mayoral candidate Doug Mann. Mann tells the Associated Press the bond sale is unconstitutional because the city should have held a referendum before committing sales tax revenue to repaying the bonds.

Chairwoman Michele Kelm-Helgen said at a press conference that the Sports Facilities Authority is counting on proceeds from the bond sale to pay $28 million in bills that will come due at the end of this month, the AP reports. That includes money for architects and contractors who have already put work into the project. According to reports, Kelm-Helgen cited Jan. 23 as the date by which bond sale revenue would be needed to avoid delays.

Minnesota Public Radio reports Mann lost a similar legal challenge last year. Minnesota Management and Budget chairman Jim Schowalter tells MPR that even though the legal issue has already been dealt with, a consultation with the attorney general's office led to the decision to put off the bond sale. Schowalter characterized that as a day-to-day decision and not a long-term delay.

Former Minneapolis School Board member David Tilsen joined Mann and his wife, Linda Mann, if filing the legal petition.

Construction of the new Vikings stadium and the adjacent Downtown East project have bogged down over several legal issues. Late last year, there were reports that the sale of bonds for Downtown East was delayed when constuction estimates came in $10 to $20 million higher than expected.

Later this week, power is scheduled to be cut off to the Metrodome and the venerable stadium's roof would then begin to deflate. Then the dome's structure will be dismantled piece by piece. The new $1 billion stadium will be built on the current site of the Metrodome; demolition has already begun. The Vikings plan to play two football seasons at TCF Bank stadium on the University of Minnesota campus.

Next Up

Trevor May

Report: Trevor May leaving Twins to sign with Mets

The right-hander will sign a two-year deal to head to New York

Car crash

'Grim' milestone: Minnesota's traffic deaths reach 364, tying 2019 total

“With fewer vehicles on the road during the 2020 pandemic, the loss of life on Minnesota roads is beyond disappointing."

Devin Weiland

Charges: Albert Lea man, 21, fired around 90 shots at police, residents

Weiland was arrested after a standoff that lasted more than eight hours.

Body storage warehouse

Body storage warehouse 'ready if needed for COVID-19 fatality management'

The warehouse is currently storing PPE and testing supplies.

Giordano's

Signs come down at Giordano's restaurant in Uptown

It appears the restaurant has closed for good.

State Capitol.

Walz eyes COVID-19 relief package totaling $300-$600 million amid budget surplus

The state forecasted a budget surplus for the remainder of the biennium.

Bar beer

Walz non-committal on extension of restaurant, gym closures

He has suggested that the ban on mixing with people outside your household could continue over Christmas.

scratch lottery ticket

State lottery: Don't give scratch-offs as gifts to minors

The Minnesota Lottery participates in an annual responsible gambling campaign focusing on underage lottery play during the holidays.

Marijuana, cannabis

Minnesota adds 2 more qualifying conditions for medical marijuana

There will be 17 conditions that qualify people to obtain medical marijuana in Minnesota.

Matt Birk

Ex-Viking Matt Birk confirms interest in future run for governor

The next gubernatorial election in Minnesota is Nov. 8, 2022.

Screen Shot 2020-12-01 at 10.59.59 AM

Handsome Hog in St. Paul to close temporarily

Executive chef Justin Sutherland cited inaction by state and federal leaders during the COVID-19 pandemic.

Related