Reporter Rochelle Olson updates you on the construction of the new Minnesota Vikings stadium in downtown Minneapolis.

State moves forward with plans for Vikings stadium bond issue

Posted by: Richard Meryhew under Vikings Updated: September 23, 2013 - 11:32 AM

With groundbreaking on a new Vikings stadium only weeks away, the state of Minnesota is moving forward with plans to issue the bonds that will be used to cover the public portion of the project.

The Minnesota Department of Management and Budget Monday issued a formal notice, or "request for proposal," seeking bids from financial institutions interested in providing underwriting services for the $498 million public share of the $975 million project.

The Vikings are responsible for $477 million of the stadium's construction cost with the state and city of Minneapolis picking up the rest.

In a written statement, Management and Budget said it plans to solicit proposals "to establish a pool of firms" to serve as senior managing underwriters or co-managing underwriters "in connection with the issue of fixed rate appropriation bonds of the State."

The deadline for proposals is Oct. 9.

An electronic copy of the request for prosposal is available at the Management and Budget website: http://www.mmb.state.mn.us.

The Vikings and Minnesota Sports Facilities Authority, which is overseeing stadium construction, are in the final stages of negotiating lease and development agreements. Those agreements are expected to go to the authority board Friday for a vote.

Meanwhile, groundbreaking on the stadium, which is expected to replace the Metrodome in time for the 2016 NFL season, is tentatively planned for early November.

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Cincinnati - WP: A. Simon 4 FINAL
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Date/Opponent Time W L Score
2013 preseason     
Aug 9 - vs. Houston 7 pmX27-13
Aug 16 - at Buffalo 6 pmX20-16
Aug 25 - at San Francisco 7 pmX34-14
Aug 29 - vs. Tennessee 7 pmX24-23
2013 regular season     
Sep 8 - at Detroit NoonX34-24
Sep 15 - at Chicago NoonX31-30
Sep 22 - vs. Cleveland NoonX31-27
Sep 29 - vs. Pittsburgh (in London) NoonX34-27
Oct 6 - Bye
Oct 13 - vs. Carolina NoonX35-10
Oct 21 - at. NY Giants 7:40 pmX23-7
Oct 27 - vs. Green Bay 7:30 pmX44-31
Nov 3 - at Dallas NoonX27-23
Nov 7 - vs. Washington 7:25 pmX34-27
Nov 17 - at Seattle 3:25 pmX41-20
Nov. 24 - at Green Bay Noon26-26
Dec 1 - vs. Chicago NoonX23-20
Dec 8 - at Baltimore NoonX29-26
Dec 15 - vs. Philadelphia NoonX48-30
Dec 22 - at Cincinnati NoonX42-14
Dec 29 - vs. Detroit NoonX14-13

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