Don Davis, Forum News Service, Published May 10 2012
Highlights of Vikings stadium proposalST. PAUL – Here are some key points of the Minnesota Vikings stadium bill:
• Builds a $975 million stadium on the downtown Minneapolis Metrodome site.
• Stadium would have fixed roof, but Vikings could pay for retractable roof.
• State would pay $348 million, Vikings $477 million, Minneapolis $150 million.
• State portion of funding would come from charitable gaming taxes on electronic pull tabs and bingo, about $59 million a year.
• Options provided if electronic gambling revenue falls short.
• Charitable gaming gets tax relief.
• Electronic devices cannot mimic slot machines.
• If the team is sold, the state gets part of the profit.
• Tip board, a sports gambling game not based on scores, made legal.
• Vikings will pay $13 million a year for operations.
• The Minneapolis City Council must approve the deal within 30 days.
• Vikings are required to sign a 30-year lease.
• Stadium would be publicly owned.
• Vikings have exclusive rights for five years to own professional soccer team.
• Construction cost overruns the responsibility of builder.
• Operating cost overruns responsibility of public operating authority.
• Team gets stadium naming rights revenue.
Don Davis reports for Forum Communications Co.