Dayton working on new Vikings stadium funding plan

  • Article by: BAIRD HELGESON , Star Tribune
  • Updated: May 9, 2013 - 6:11 AM

Dayton, legislative leaders target tax loopholes but not new casinos.

 Gov. Mark Dayton is considering closing some tax loopholes to help pay the state’s share of the new Minnesota Vikings stadium.

Dayton’s administration would not reveal more details of the proposal but said the new plan will not include any expansion of gambling or new casinos.

“We are looking at a couple options, but we don’t have it nailed down,” Dayton said Wednesday.

House Speaker Paul Thissen, DFL-Minneapolis, and Senate Majority Leader Tom Bakk, DFL-Cook, have discussed the issue with Dayton but also declined to outline what revenue streams the governor is considering. House Taxes Committee Chairwoman Ann Lenczewski, DFL-Bloomington, said she did not know more details of the plan.

State leaders have been scrambling ever since revenue from new electronic pulltabs and bingo games started coming in dramatically below projections. The state is on the hook for $348 million of the new stadium and must come up with about $30 million a year under the financing plan.

The governor said the proposal does not include a plan to impose a new tax on sports memorabilia, which is already in legislative budget bills.

Dayton said he and legislative leaders want a backup source that is “absolutely secure and absolutely sufficient to cover whatever the shortfall is with the e-pulltabs and e-bingo.”

“We are pleased to hear that it will not impact the Vikings’ revenue streams and that it would be consistent with the agreement negotiated in 2012,” said Lester Bagley, vice president of stadium development for the Vikings.

Dayton said it is important for investors and for the integrity of the project to ensure that funding sources are reliable and stable. The governor said he remains convinced electronic pulltab and bingo revenue will improve, but he does not want doubts lingering.

State Sen. Bobby Joe Champion, a Minneapolis DFLer who serves on a legislative commission overseeing stadium issues, said he was not aware of Dayton’s new funding plan.

“We are committed to reviewing every step, from revenue to design, and we always keep looking at funding and making sure everything is on par and moving in the right direction,” Champion said.

Republican Sen. Julie Rosen, who also serves on the stadium commission, said she was not aware of the new funding plan.

Any backup solution would most likely require legislative approval in this session, which ends in 12 days. Legislators are racing to complete their primary task: Piecing together a multibillion-dollar, two-year state budget. In the past, Dayton has insisted that the state’s share of the nearly $1 billion stadium not come from the state’s general fund.

“I am surprised, and I hope it is something that works,” said Rosen, of Fairmont, referring to the last-minute emergency of a backup funding source.

The stadium funding plan already has two other backups: A sports-themed Minnesota Lottery game and a tax on stadium suites. But those don’t bring in a lot of money and likely would not make up the gap left by the electronic pulltabs and bingo.

The Vikings and state officials expect to break ground on the new stadium after the upcoming football season. The new stadium will open for the 2016 season on the site of the Metrodome in downtown Minneapolis. The team will play at the University of Minnesota’s TCF Bank Stadium while the new facility is being built.

Dayton announced the new revenue possibilities just days before the high-profile community unveiling of the design of the new stadium.

The governor said he has seen sketches of the new facility and said of the design, “It’s very impressive.”

The Star Tribune owns five blocks in downtown Minneapolis that are for sale and could be part of the new stadium project or a larger redevelopment of the area.

 

Staff writer Jim Ragsdale contributed to this report. Baird Helgeson • 651-925-5044

 

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Denver 28 FINAL
Cincinnati 37
Buffalo 12/28/14 12:00 PM
New England
Carolina 12/28/14 12:00 PM
Atlanta
Cleveland 12/28/14 12:00 PM
Baltimore
Dallas 12/28/14 12:00 PM
Washington
Indianapolis 12/28/14 12:00 PM
Tennessee
Detroit 12/28/14 12:00 PM
Green Bay
Jacksonville 12/28/14 12:00 PM
Houston
San Diego 12/28/14 12:00 PM
Kansas City
NY Jets 12/28/14 12:00 PM
Miami
Chicago 12/28/14 12:00 PM
Minnesota
Philadelphia 12/28/14 12:00 PM
NY Giants
New Orleans 12/28/14 12:00 PM
Tampa Bay
Oakland 12/28/14 3:25 PM
Denver
Arizona 12/28/14 3:25 PM
San Francisco
St. Louis 12/28/14 3:25 PM
Seattle
Cincinnati 12/28/14 7:30 PM
Pittsburgh
Denver 82 FINAL
Charlotte 110
Portland 95 FINAL
Houston 110
Utah 97 FINAL
Memphis 91
Toronto 120 FINAL
Chicago 129
Atlanta 105 FINAL
Dallas 102
LA Clippers 118 FINAL
San Antonio 125
Sacramento 62 3rd Qtr 7:01
Golden State 76
Ottawa 1 FINAL
Washington 2
Nashville 5 FINAL
Columbus 1
Pittsburgh 3 FINAL(SO)
Florida 4
Arizona 1 3rd Prd 18:21
Vancouver 5
San Jose 1 3rd Prd 17:00
Anaheim 1
Calgary 0 2nd Prd 2:51
Los Angeles 3
Ark-Little Rock 64 FINAL
Bradley 54
Brown 67 FINAL
Central Conn St 55
Stetson 59 FINAL
Florida State 63
Ill-Chicago 46 FINAL
Northwestern 63
Ohio 49 FINAL
George Washington 77
Southern Utah 61 FINAL
Ark-Pine Bluff 70
Elon 67 FINAL
Kennesaw St 65
Dartmouth 49 FINAL
Penn State 69
Green Bay 70 FINAL
UC Irvine 72
DePaul 68 FINAL
Colorado 82
Lewis & Clark 49 FINAL
Portland 71
SC State 59 FINAL
Abilene Christian 65
Manhattan 71 FINAL
Fordham 57
Truett-McConnell 57 FINAL
Ga Southern 90
Citadel 56 FINAL
Michigan State 82
Miami-Ohio 55 FINAL
Ohio State 93
Gardner-Webb 89 FINAL
Purdue 84
Idaho 68 FINAL
Northern Ky 81
Fairfield 66 FINAL
Albany 77
North Dakota St 61 FINAL
Alcorn State 50
UT Martin 37 FINAL
Butler 64
SE Louisiana 65 FINAL
UCF 70
Oakland 60 FINAL
Clemson 70
Florida A&M 57 FINAL
East Carolina 75
Eastern Ky 66 FINAL
Fla Atlantic 69
IUPU-Ft Wayne 43 FINAL
Illinois State 68
Norfolk State 74 FINAL
James Madison 71
Binghamton 68 FINAL
Mount St Marys 69
Towson 56 FINAL
Navy 61
Long Island 73 FINAL
New Hampshire 72
Northern Ill 66 FINAL
Notre Dame 91
William & Mary 62 FINAL
Old Dominion 69
Liberty 47 FINAL
Princeton 65
Delaware 81 FINAL
Robert Morris 84
MD-Eastern Shore 82 FINAL
St Bonaventure 80
Colgate 43 FINAL
Syracuse 78
Kansas 52 FINAL
Temple 77
Mercer 54 FINAL
Tennessee 64
East Tenn St 60 FINAL
VA Commonwealth 84
Va Military 74 FINAL
Virginia Tech 87
Bucknell 53 FINAL
Wake Forest 60
Alabama A&M 62 FINAL
Western Mich 71
New Orleans 59 FINAL
Indiana 79
Columbia 65 FINAL
Connecticut 80
Long Beach State 49 FINAL
St Johns 66
Wofford 44 FINAL
West Virginia 77
Southern U 66 FINAL
Baylor 70
UAB 67 FINAL
Chattanooga 83
Char Southern 54 FINAL
Colorado State 75
North Florida 70 FINAL
Iowa 80
NC Central 67 FINAL
Jackson State 64
Rice 72 FINAL
Lamar 79
Central Mich 89 FINAL
McNeese State 56
Coppin State 56 FINAL
Michigan 72
Furman 76 FINAL
Minnesota 86
SE Missouri St 51 FINAL
Ole Miss 82
Weber State 51 FINAL
Oklahoma 85
Grambling St 39 FINAL
TCU 80
Loyola-Chicago 62 FINAL
Texas Tech 44
Incarnate Word 47 FINAL
Tulsa 76
Penn 50 FINAL
Vanderbilt 79
Chicago State 38 FINAL
SIU Edwardsville 63
Simpson 62 FINAL
Drake 84
Tenn Tech 81 FINAL
UMKC 60
Murray State 83 FINAL
Southern Ill 71
Oral Roberts 45 FINAL
Missouri State 52
Jacksonville St 65 FINAL
Air Force 66
Milwaukee 54 FINAL
Arkansas 84
Wisconsin 68 FINAL
California 56
Coll of Charleston 47 FINAL
LSU 71
North Dakota 54 FINAL
Marquette 67
Northern New Mexico 39 FINAL
New Mexico St 78
UC Santa Barbara 78 FINAL
Oregon 82
Miami-Florida 62 FINAL
Providence 76
Northeastern 68 FINAL
St Marys-CA 72
Kent State 75 FINAL
Texas-El Paso 78
UC Davis 73 FINAL
Northern Colorado 63
Lewis-Clark State 81 FINAL
Eastern Wash 87
Walla Walla 52 FINAL
Portland State 94
TX A&M-CC 70 2nd Half 1:20
Cal State Fullerton 75
Marshall 55 FINAL
Nevada 83
Boise State 43 2nd Half 10:00
Houston 40
UC Riverside 11 2nd Half
San Diego St 26
Tulane 26 2nd Half
Washington 28
Loyola Marymount 23 2nd Half
Wichita State 37
Nebraska 12/23/14 12:00 AM
Hawaii
BYU 48 FINAL
Memphis 55
Marshall 12/23/14 5:00 PM
Northern Ill
Navy 12/23/14 8:30 PM
San Diego St
Central Mich 12/24/14 11:00 AM
Western Ky
Fresno State 12/24/14 7:00 PM
Rice
Illinois 12/26/14 12:00 PM
Louisiana Tech
Rutgers 12/26/14 3:30 PM
North Carolina
NC State 12/26/14 7:00 PM
UCF
Cincinnati 12/27/14 12:00 PM
Virginia Tech
Duke 12/27/14 1:10 PM
(15) Arizona State
Miami-Florida 12/27/14 3:00 PM
So Carolina
Boston College 12/27/14 3:30 PM
Penn State
(25) Nebraska 12/27/14 7:00 PM
(24) USC
Texas A&M 12/29/14 1:00 PM
West Virginia
Oklahoma 12/29/14 4:30 PM
(18) Clemson
Arkansas 12/29/14 8:00 PM
Texas
UMass Lowell 63 FINAL
Holy Cross 78
Temple 59 FINAL
Villanova 64
Georgia Southern 68 FINAL
Southern U 52
Xavier 60 FINAL
Kennesaw St 61
Eastern Michigan 52 FINAL
Michigan 81
Brescia 56 FINAL
Marshall 127
(21) West Virginia 54 FINAL
Ohio State 96
UMBC 87 FINAL
MD-Eastern Shore 78
Cornell 79 FINAL
Loyola-Maryland 61
St Bonaventure 70 FINAL
Georgetown 64
New Hampshire 63 FINAL
Northeastern 62
Eastern Washington 67 FINAL
Florida 56
Rice 63 FINAL
Texas Southern 69
Butler 72 FINAL
Illinois State 60
UC Davis 59 FINAL
(16) Stanford 71
Washington St 87 FINAL
Loyola Marymount 60
Sacramento St 94 FINAL
San Jose St 97
SIU-Edwardsville 74 FINAL
UMKC 58
Oakland 92 FINAL
IUPU-Ft Wayne 84
Belmont 43 FINAL
(14) Georgia 62
George Mason 83 FINAL
Longwood 61
Kansas 81 FINAL
Creighton 84
Abilene Christian 53 FINAL
Kansas State 68
UT Martin 65 FINAL
Missouri 74
Hampton 67 FINAL
DePaul 86
Florida State 65 FINAL
Tulane 54
Murray State 44 FINAL
Illinois 64
Fla Gulf Coast 74 FINAL
Arkansas State 68
BYU 62 FINAL
Utah State 58

ADVERTISEMENT

question of the day

Poll: Do you like the Twins' offseason moves so far?

Weekly Question

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

 
Close