By Mike Kaszuba
Minneapolis officials will announce a proposal Monday to build a new stadium for the Minnesota Vikings on the Metrodome site that will have the city pay for roughly 25 percent of the project, a source with close knowledge of the plan said late Sunday.
City officials have scheduled a mid-afternoon press conference at the State Capitol to outline details of the proposal, which comes two weeks before the Legislature is scheduled to adjourn. The city is competing with Ramsey County, which wants to lure the Vikings to suburban Arden Hills, to partner with the team and the state on a new stadium.
The city plan, according to the source, would use sales taxes from the city's convention center for and provide money for a renovation of Target Center in downtown Minneapolis, the home of the Minnesota Timberwolves. The proposal would also change the debt structure for Target Center.
No city property taxes would be used for the new Vikings stadium, the source said.
The city's plan comes just days after Ted Mondale, Gov. Mark Dayton's chief stadium negotiator, said that the Vikings were pursuing the stadium with the understanding that the team would have to raise its contribution to roughly 40 percent of its cost.
Two Republican legislators, Sen. Julie Rosen, R-Fairmont, and Rep. Morrie Lanning, R-Moorhead, introduced legislation last month that would have the state, the Vikings and a local government partner pay for roughly a third of the project's cost. The latest estimate of the stadium's cost was just under $900 million.
Mayor R.T. Rybak and City Council President Barb Johnson met Friday with Zygi Wilf, the Vikings owner, and an official from the National Football League but top city officials have until now kept details of the plan secret.