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Don Davis, Forum News Service, Published May 10 2012

Highlights of Vikings stadium proposal

ST. 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.