State bond sale to proceed Monday
- Blog Post by: Janet Moore
- January 24, 2014 - 11:56 AM
Minnesota Management and Budget said Friday it expects to issue the bonds to help pay for the $1 billion Vikings stadium on Monday.
That's two weeks later than originally planned. All told, the state is expected to issue $768 million in bonds.
But a last-minute legal challenge by three Minneapolis residents challenging the way public funds are being used to fund the stadium caused the delay.
The Minnesota Supreme Court on Tuesday dismissed the challenge, and now the bond sale is on.
Actual construction work never stopped during the two-week period of uncertainty. The Metrodome's roof was deflated last Saturday, and excavators have been going to town on the Dome's eastern side. It's really beginning to look like a true construction site.
A July 2016 opening is projected for the new stadium.
© 2014 Star Tribune