Stadium numbers crunched at Mpls. city council hearing

  • Article by: ERIC ROPER , Star Tribune
  • Updated: May 22, 2012 - 7:10 AM

Ahead of Friday's final vote, the Minneapolis City Council is trying to get a handle on costs, revenue.

hide

Artist's rendering of interior of new Vikings stadium

Photo: , Associated Press

CameraStar Tribune photo galleries

Cameraview larger

An opponent of the Vikings stadium bill on the Minneapolis City Council held a hearing on its financial details Monday, while acknowledging that final passage appears inevitable.

"We are going to disagree on Friday morning, but chances are good on Monday morning we're going to wake up and have to build a stadium in the city of Minneapolis," said Council Member Betsy Hodges. The council is expected to take a final vote on the stadium deal, which has already been signed into law by Gov. Mark Dayton, this Friday.

Also Monday, Minneapolis City Attorney Susan Segal issued a formal written opinion backing earlier oral advice that the taxes used to fund the stadium will not trigger a citywide vote requirement in the city's charter. Segal asked a private attorney, Charles Nauen, to conduct an independent review of the opinion.

Documents distributed at Monday's hearing show the city's contribution to the stadium construction and operations will be $309 million, or $678 million when accounting for interest over the life of the deal.

That figure could rise if the relevant taxes -- a citywide sales tax, downtown restaurant and liquor taxes and a hotel tax -- grow faster than 2 percent a year. The city would then also be left with hundreds of millions extra in economic development funds, however.

Council Member Gary Schiff, an opponent of the plan, asked city staffers why there were no guarantees in the bill to ensure nearby development extends beyond "one bar in front of the Metrodome, as we have today."

"The development pressure downtown will all head east in years to come because it's the only way that downtown can grow," responded city development chief Chuck Lutz.

Council members also expressed concern that while the plan provides more than $400 million over time for convention center capital investments, it does not set aside money for the capital projects necessary to keep that facility "competitive."

In addition to the existing sales tax revenue, the city is expecting to garner more than $1.5 million a year from ticket taxes at the new stadium -- not currently levied at the Metrodome. There may also be additional revenue from parking and a potential hotel "user fee."

The legislation also gives Minneapolis the means to renovate the city-owned Target Center. Mayor R.T. Rybak said the city likely will put $60 million to $70 million into that project, which will be combined with a similar amount from private partners.

The stadium proposal will be voted on twice this week, in committee on Thursday and at a council meeting on Friday. In a test vote last month, seven of 13 council members supported the stadium deal.

Eric Roper • 612-673-1732 Twitter: @StribRoper

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

San Francisco - LP: J. Peavy 2 FINAL
Kansas City - WP: K. Herrera 7
San Diego 7:25 PM
Denver
Detroit 10/26/14 8:30 AM
Atlanta
Buffalo 10/26/14 12:00 PM
NY Jets
St. Louis 10/26/14 12:00 PM
Kansas City
Houston 10/26/14 12:00 PM
Tennessee
Minnesota 10/26/14 12:00 PM
Tampa Bay
Seattle 10/26/14 12:00 PM
Carolina
Baltimore 10/26/14 12:00 PM
Cincinnati
Miami 10/26/14 12:00 PM
Jacksonville
Chicago 10/26/14 12:00 PM
New England
Philadelphia 10/26/14 3:05 PM
Arizona
Oakland 10/26/14 3:25 PM
Cleveland
Indianapolis 10/26/14 3:25 PM
Pittsburgh
Green Bay 10/26/14 7:30 PM
New Orleans
Washington 10/27/14 7:30 PM
Dallas
Houston 90 FINAL
Orlando 89
Brooklyn 86 FINAL
Boston 100
Washington 100 FINAL
New York 103
Cleveland 92 FINAL
Memphis 96
Minnesota 110 FINAL
Milwaukee 91
Atlanta 117 FINAL
San Antonio 107
Portland 86 FINAL
LA Lakers 94
Phoenix 105 FINAL
LA Clippers 108
Toronto 0 Postponed
Ottawa 0
Philadelphia 5 FINAL
Pittsburgh 3
Washington 2 FINAL
Edmonton 3
Buffalo 1 FINAL
Anaheim 4
Arkansas State 40 FINAL
Louisiana 55
Connecticut 6:00 PM
(18) East Carolina
Miami-Florida 7:00 PM
Virginia Tech
So Florida 10/24/14 6:00 PM
Cincinnati
Troy 10/24/14 6:30 PM
South Alabama
BYU 10/24/14 8:00 PM
Boise State
(6) Oregon 10/24/14 9:00 PM
California
North Texas 10/25/14 11:00 AM
Rice
UAB 10/25/14 11:00 AM
Arkansas
Rutgers 10/25/14 11:00 AM
(16) Nebraska
Maryland 10/25/14 11:00 AM
Wisconsin
Texas 10/25/14 11:00 AM
(11) Kansas State
Minnesota 10/25/14 11:00 AM
Illinois
Memphis 10/25/14 11:00 AM
SMU
North Carolina 10/25/14 11:30 AM
Virginia
San Jose St 10/25/14 12:00 PM
Navy
Northern Ill 10/25/14 12:00 PM
Eastern Mich
(25) UCLA 10/25/14 1:00 PM
Colorado
Akron 10/25/14 1:00 PM
Ball State
Massachusetts 10/25/14 1:00 PM
Toledo
Ohio U 10/25/14 1:00 PM
Western Mich
Ga Southern 10/25/14 1:00 PM
Georgia State
Kent State 10/25/14 1:30 PM
Miami-Ohio
Oregon State 10/25/14 2:30 PM
Stanford
Fla Atlantic 10/25/14 2:30 PM
(23) Marshall
Louisiana Tech 10/25/14 2:30 PM
Southern Miss
(1) Miss State 10/25/14 2:30 PM
Kentucky
Georgia Tech 10/25/14 2:30 PM
Pittsburgh
(22) West Virginia 10/25/14 2:30 PM
Oklahoma State
Texas Tech 10/25/14 2:30 PM
(10) TCU
Michigan 10/25/14 2:30 PM
(8) Michigan State
Boston College 10/25/14 2:30 PM
Wake Forest
Central Mich 10/25/14 2:30 PM
Buffalo
Vanderbilt 10/25/14 3:00 PM
Missouri
Old Dominion 10/25/14 3:00 PM
Western Ky
UNLV 10/25/14 3:00 PM
Utah State
Temple 10/25/14 4:00 PM
UCF
(15) Arizona 10/25/14 5:00 PM
Washington St
Texas-El Paso 10/25/14 6:00 PM
TX-San Antonio
Wyoming 10/25/14 6:00 PM
Colorado State
Syracuse 10/25/14 6:00 PM
(21) Clemson
Texas State 10/25/14 6:00 PM
ULM
(3) Ole Miss 10/25/14 6:15 PM
(24) LSU
(4) Alabama 10/25/14 6:30 PM
Tennessee
So Carolina 10/25/14 6:30 PM
(5) Auburn
(13) Ohio State 10/25/14 7:00 PM
Penn State
(20) USC 10/25/14 9:00 PM
(19) Utah
(14) Arizona State 10/25/14 9:45 PM
Washington
Nevada 10/25/14 10:59 PM
Hawaii
Chivas USA 0 FINAL
Real Salt Lake 2
Montreal 10/24/14 5:30 PM
Ottawa
Saskatchewan 10/24/14 8:30 PM
Calgary
Hamilton 10/25/14 3:00 PM
Toronto
Brt Columbia 10/25/14 6:00 PM
Winnipeg
Hamilton 10/31/14 6:30 PM
Ottawa
Winnipeg 11/1/14 3:00 PM
Calgary
Brt Columbia 11/1/14 6:00 PM
Edmonton
Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

Date/Opponent Time W L Score
2014 preseason     
Aug 8 - vs. Oakland 7 pmX10-6
Aug 16 - vs. Arizona 7:30 pmX30-28
Aug 23 - at Kansas City 7 pmX30-12
Aug 28 - at Tennessee 7 pmX19-3
2014 regular season     
Sep 7 - at St. Louis NoonX34-6
Sep 14 - vs. New England NoonX30-7
Sep 21 - at New Orleans NoonX20-9
Sep 28 - vs. Atlanta 3:25 pmX41-28
Oct 2 - at Green Bay 7:25 pmX42-10
Oct 12 - vs. Detroit NoonX17-3
Oct 19 - at. Buffalo NoonX17-16
Oct 26 - at Tampa Bay Noon
Nov 2 - vs. Washington Noon
Nov 9 - Bye
Nov 16 - at Chicago Noon
Nov. 23 - vs. Green Bay Noon
Nov. 30 - vs. Carolina Noon
Dec 7 - vs. NY Jets Noon
Dec 14 - at Detroit Noon
Dec 21 - at Miami Noon
Dec 28 - vs. Chicago Noon

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

question of the day

Poll: Grade the Vikings offense

Weekly Question

ADVERTISEMENT

 
Close