EDIT : 5 - 11 ...
Release of the conference committee report prompted quick House action, with members voting just hours later shortly after 3 a.m. to approve the revised bill 71 to 60.
Here are some of the highlights of the final agreement, followed by the roll call vote on final House passage:
Project: The bill authorized a roofed stadium to be built on the Metrodome site in Minneapolis (a retractable roof reportedly is still a possibility, depending on budget issues.) The Vikings lease would run for 30 years.
Cost: $975 million, split among the Vikings ($477 million), the state ($348 million) and Minneapolis ($150 million).
State share: State-issued bonds would be financed through expanded charitable gambling (including electronic pull-tabs and sports-themed tipboards). The bill also authorizes several blink-on funding sources as backup financing if projected revenue falls short.
Overruns: Construction cost overruns would be handled by the builder, and operating cost overruns would be the responsibility of a newly formed public stadium authority.
Vikings: The team would retain revenue from the stadiums naming rights. It also would have a five-year exclusivity guarantee on the right to bring a Major League Soccer franchise to the facility.
Minneapolis: The city is allowed to use sales tax revenues for Target Center renovations.
St. Paul: The agreement gives the city $2.7 million annually for 20 years for the operating or capital costs of new or existing sports facilities.
Also, several controversial provisions were dropped from the earlier House and Senate versions of the bill:
Language that would have prevented TV blackouts of Viking game broadcasts.
Tax-increment financing districts for expansion of the Mall of America in Bloomington.
Extension of the state sales tax to online retailers, a provision sought by the business community as a way to be more competitive with Internet sites.
FULL STORY LINK
Well they shot down the new stadium plan,the vikes are fed up with these morons and are planning the move to L.A. next year....or maybe not....was venting but but LA is not ready but roger is coming to town now and he is pissed and here to lay the truth on these elected officials..they say there is no where for them to go but yet I heard the NFL can move them for a number of reasons as this hurts all the other teams in a way...
what a mess..
Linkage
First the lakers then the north stars ( that one really hurt ) and now it is looking like they might not be around much longer if the deal is not done this session,which has 7 days left....lol
Release of the conference committee report prompted quick House action, with members voting just hours later shortly after 3 a.m. to approve the revised bill 71 to 60.
Here are some of the highlights of the final agreement, followed by the roll call vote on final House passage:
Project: The bill authorized a roofed stadium to be built on the Metrodome site in Minneapolis (a retractable roof reportedly is still a possibility, depending on budget issues.) The Vikings lease would run for 30 years.
Cost: $975 million, split among the Vikings ($477 million), the state ($348 million) and Minneapolis ($150 million).
State share: State-issued bonds would be financed through expanded charitable gambling (including electronic pull-tabs and sports-themed tipboards). The bill also authorizes several blink-on funding sources as backup financing if projected revenue falls short.
Overruns: Construction cost overruns would be handled by the builder, and operating cost overruns would be the responsibility of a newly formed public stadium authority.
Vikings: The team would retain revenue from the stadiums naming rights. It also would have a five-year exclusivity guarantee on the right to bring a Major League Soccer franchise to the facility.
Minneapolis: The city is allowed to use sales tax revenues for Target Center renovations.
St. Paul: The agreement gives the city $2.7 million annually for 20 years for the operating or capital costs of new or existing sports facilities.
Also, several controversial provisions were dropped from the earlier House and Senate versions of the bill:
Language that would have prevented TV blackouts of Viking game broadcasts.
Tax-increment financing districts for expansion of the Mall of America in Bloomington.
Extension of the state sales tax to online retailers, a provision sought by the business community as a way to be more competitive with Internet sites.
FULL STORY LINK
Well they shot down the new stadium plan,the vikes are fed up with these morons and are planning the move to L.A. next year....or maybe not....was venting but but LA is not ready but roger is coming to town now and he is pissed and here to lay the truth on these elected officials..they say there is no where for them to go but yet I heard the NFL can move them for a number of reasons as this hurts all the other teams in a way...
what a mess..
Linkage
First the lakers then the north stars ( that one really hurt ) and now it is looking like they might not be around much longer if the deal is not done this session,which has 7 days left....lol
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