Saying taxpayers should have only a minimal role in a new Minnesota Vikings stadium, three Republican senators offered a plan Thursday to give the team a $300 million loan rather than an outright subsidy.
The trio, led by Sen. Roger Chamberlain, R-Lino Lakes, said the state should not be involved in whether the stadium had "gold-plated tile" or needed to cost $1 billion. The proposal also includes a phase-out of the statewide business property tax.
Senate Majority Leader David Senjem said the proposal captures a sentiment among some legislators that a new stadium should not include state general fund money or be funded with gambling money or any other taxpayer aid.
"It's a noble attempt to make this thing work under a free-market approach," Senjem said. "Whether it can or not, I don't know."
DFL Gov. Mark Dayton and team officials quickly dismissed the plan, with Vikings spokesman Lester Bagley saying the plan "would not allow the Vikings to be competitive" compared to the revenue generated by other National Football League stadiums in markets of similar size.
Rep. Morrie Lanning, R-Moorhead, chief House author of stadium legislation, called the plan "unrealistic."
In calling for the tax elimination, the senators said doing so could be an incentive for businesses to financially partner with the Vikings on a new stadium.
Dayton, who wants the state more involved financially in a Vikings stadium, said in a statement that "some Republican legislators now want to force me into accepting their scheme for eliminating all property taxes on businesses in order to get their approval for a new 'People's Stadium.'" Dayton said elimination of the business property tax would inevitably trigger increases in residential property taxes.