Vikings still looking for way to complete stadium deal
The Minnesota Vikings are still battling to complete a Hail Mary and get their plan for a new stadium in Arden Hills approved.
According to a report in the Minneapolis Star Tribune, the club and Ramsey County officials announced Monday a plan in which the club would receive an interest-free loan from the state to play for a portion of the $131 million in needed road improvements to make the new stadium happen.
Per the report, a combination of state grants, tax exemptions and the loan would be needed to pull it off. The state would provide $46 million in grants as well as a $4 million break with a sales tax exemptions on needed materials. The remaining $60 million to $81 million would come from local borrowing or an interest-free loan from the state, which has already pledged $300 million to the project.
The problem with that is Gov. Mark Dayton has been firm that the project will not receive a penny more than the $300 million committed. The massive project calls for the Vikings and NFL to contribute $407 million. The county will raise $350 million with a sales tax hike that is not subject to voting by residents.
It’s getting down to crunch time and the Vikings will need a special legislative session to be called to get anything done. It’s not impossible but after each advancement for the project, two roadblocks have popped up. It could be that the Vikings finish the 2011 season at the Metrodome with no clear idea where they will be in the future.
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Brad Biggs covers the Bears for the Chicago Tribune