With all the talk of the possibility that the Vikings could leave Minnesota if they don't find a way to get a new stadium, it's important to recall what a struggle the state of Louisiana went through and all the concessions it made financially to keep the Saints over the past decade, when there were several instances when the team was ready to leave.
This Legislature could take some lessons from its counterpart in Louisiana, which found a way to keep its team. The New Orleans story is only one example of what some communities go through to keep a pro football team, and believe me, Minnesota could be in the same predicament if a stadium isn't built.
The presence of the Saints here Sunday to face the Vikings recalls how in 2001 the state of Louisiana, in danger of losing the NFL franchise, agreed to pay the Saints $186.5 million over a 10-year period to remain in the state.
Hurricane Katrina displaced the Saints to San Antonio in 2005, and owner Tom Benson expressed interest in staying there for 2006. It wasn't until the very end of 2005 that the Saints committed to returning to the Superdome the next year.
The Saints' original lease extension ran through 2018, but when the 10-year subsidies ended following the 2010 season, the team still had the right to leave by paying a $15 million penalty. So to further assure the Saints stayed in town, a new 15-year lease extension was reached in May 2009.
Under this agreement, the state agreed to a $336 million renovation of the Superdome, and in place of the annual subsidy the state was paying the Saints -- which reached $23.5 million in the final year of the deal -- the team is now paid a subsidy based only on stadium revenues, with a $6 million cap per year.
However, to make up for the cut in those subsidies, the state now leases 320,000 square feet of office space from the Benson family. The Bensons purchased the New Orleans Centre mall and a nearby parking garage from the state, and now they lease that space back to the Superdome Commission for $2.3 million a year. According to the New Orleans Times-Picayune, the state then keeps earnings from the property up to $2.3 million; any additional revenue is split between the Bensons and Louisiana.
What also helped keep the team in New Orleans was that it became a winner once Sean Payton and Drew Brees came on board in 2006 after Katrina. As a result, the franchise is now selling out and on solid ground.