Page 1 of 3 123 LastLast
Results 1 to 10 of 25
  1. #1
    Mr Anderson's Avatar
    Mr Anderson is offline Jersey Retired
    Join Date
    Dec 1969
    Posts
    7,692

    We Got The Stadium Deal!!

    I just saw it on the bottom line. $675 Million, retractable roof in Blaine.

  2. #2
    Prophet Guest

    Re: We Got The Stadium Deal!!

    Sweet. What's the time-frame for completion?

  3. #3
    Join Date
    Dec 1969
    Posts
    979

    Re: We Got The Stadium Deal!!

    "Mr Anderson" wrote:
    I just saw it on the bottom line. $675 Million, retractable roof in Blaine.
    What bottom line
    SKOL VIKINGS

  4. #4
    6-KINGS Guest

    Re: We Got The Stadium Deal!!

    If this is true, DEL we need one of your dancing GIFS!!

  5. #5
    mnjamie's Avatar
    mnjamie is offline Ring of Fame
    Join Date
    Dec 1969
    Posts
    3,536

    Re: We Got The Stadium Deal!!

    Still a long ways to go folks. The state still needs to approve the .75 tax increase for Anoka (per $100, which they havn't been given the special session in the legislature yet) "OR" the citizens of Anoka need to vote to approve the .75 increase.

    Then, the state of minny has to approve to kick in the remaining $115 million needed for completion.


    --------------------------------------------------------------


    Last update: September 20, 2005 at 4:06 PM
    Wilf unveils plan for new Vikings stadium
    From staff, wire reports
    September 20, 2005 STAD0921


    Vikings fans — and people who couldn't care less about football — will have to cough up a lot of green to see the guys in purple and gold play in a new stadium.

    The Vikings laid out a financing plan Tuesday that would require taxpayers to kick in nearly $400 million toward a $675 million, retractable-roof stadium with about 68,000 seats in this growing suburb north of Minneapolis.

    The public would also pay another $115 million to improve the roads and highways around the stadium complex, which would also include retail space.

    If state lawmakers accept the plan, people who shop in Anoka County would pay an additional 75 cents for every $100 they spend on taxable goods. Tax revenue earned at the stadium would go to pay off debt instead flowing into the state treasury, a strategy known as Tax Increment Financing. And road projects around the site would leap ahead of others on the state's to-do list.

    New Vikings owner Zygi Wilf has pledged $280 million, although some could be drawn from an NFL stadium fund.

    At a news conference Tuesday, Wilf said the Vikings were an important part of the fabric of the state.

    "Yes, the Vikings are privately owned, but as I have found, it's something that we have to protect,' he said. "It's part of our fiber.'

    If everything goes the Vikings way, the new stadium would open in 2009 or 2010, he said.

    Although the team has claimed that it needs a new stadium to improve revenues, Wilf said Tuesday that he didn't know how much additional money the team would earn from the proposed stadium.

    Features of the stadium project would include expanded concourses -- 48 feet compared with 24 feet at the Metrodome -- 8,000 club seats, 150 suites and 52 concession stands (Metrodome, 33 stands). Parking would be at the stadium, and the lot would include room for tailgating.

    The Vikings headquarters and practice facilities would relocate to Blaine from Eden Prairie. The site also would include a Vikings museum, Hall of Fame, a retail merchandise/gift shop and a themed restaurant.

    Anoka County and the Vikings also will ask the state to accelerate planned off-site road improvements, such as widening Interstate Hwy. 35 W and improving access to the freeway. The project financing plan recommends that the state use tax revenue generated by the stadium and development project to pay the estimated $115 million for the accelerated roadway improvements.

    "This is a plan that works and pays for itself," said former legislator Steve Novak, who is the county's stadium point man. "The people who use this facility and benefit from it being in Anoka County will pay for the facility."

    Anoka officials touted the expanded property tax base and the lure the new complex would have for the area. "We have a location, we have a plan, we have a will,' said Margaret Langfeld, chairwoman of the Anoka County Board.

    Last week, Wilf held a series of private meetings with top lawmakers about the stadium. House Minority Leader Matt Entenza, DFL-St. Paul, said Wilf has gotten off on the right foot.

    "There's always going to be a lot of uneasiness about funding stadiums, but Zygi is doing a good job by making it clear we won't be blackmailed by the threat of a team leaving,' Entenza said.

    How the plan will fare though is another matter, and Entenza said he'd withhold judgment until seeing it in writing.

    Pawlenty's spokesman, Brian McClung, said Monday that the governor is "open to finding a reasonable way to ensure their long-term presence in Minnesota.'

    "The governor will be communicating with legislative leaders regarding stadiums and other issues shortly,' McClung said. "We will evaluate the Vikings proposal in that context.'

    The Vikings stadium, parking lot, training facility and team headquarters would comprise 200 acres of the 740-acre overall Blaine development.

    The Vikings are under lease to play in the Metrodome until 2011. But the team has argued that the Dome is outdated. The Vikings rank near the bottom of the league in local revenue.

    The state has already put a nominal amount of money toward a new football stadium.

    In 2002, the Legislature provided $500,000 for football stadium design, but that was when the Vikings and University of Minnesota were trying to team up on a single facility.

    The Gophers are pursuing state money toward a $235 million on-campus stadium without a roof. The school is rounding up private dollars for 60 percent of it.

    This summer, lawmakers put off action on that proposal and one from the Minnesota Twins, which have joined with Hennepin County on a downtown ballpark plan that also relies on a higher local sales tax.

    John Knight, a Minnetonka lawyer who co-founded a residents group to fight the Twins bill, said stadium supporters are on the wrong side of public opinion. His group, Citizens for a Stadium Tax Referendum, wants a public vote on any local tax used for a stadium.

    "The people with a vested interest who want a stadium tax subsidy kind of remind me of a used car salesman — the longer they keep trying, the more they wear you down,' Knight said. "Generally, when you go to buy a car, the longer you are at the dealer, the more likely it is you are going to get screwed.'

  6. #6
    Mr Anderson's Avatar
    Mr Anderson is offline Jersey Retired
    Join Date
    Dec 1969
    Posts
    7,692

    Re: We Got The Stadium Deal!!

    "pattyosviKING" wrote:
    "Mr Anderson" wrote:
    I just saw it on the bottom line. $675 Million, retractable roof in Blaine.
    What bottom line
    ESPN

  7. #7
    natethegreat's Avatar
    natethegreat is offline Pro-Bowler
    Join Date
    Dec 1969
    Posts
    486

    Re: We Got The Stadium Deal!!

    "mnjamie" wrote:
    Still a long ways to go folks. The state still needs to approve the .75 tax increase for Anoka (which they havn't been given the special session in the legislature yet) "OR" the citizens of Anoka need to vote to approve the .75 increase.

    Then, the state of minny has to approve to kick in the remaining $175 million needed for completion.
    i dont really know all that much about taxes. politics and that stuff so i really dont know the chances of it getting done so what do you guys think our chances are of getting the tax increased signed???

  8. #8
    Join Date
    Dec 1969
    Posts
    260

    Re: We Got The Stadium Deal!!

    Besides that, they are still obligated to play in the Metrodome until 2000 whatever. of course, they could bail out of that, with a little cash. And Wilf and crew will probably want to change the deal with the state since they are forking over a considerable amount of dough for this stadium. it's gonna cost more than the team
    Have you ever had a Big Kahuna Burger?

  9. #9
    and_one_ is offline Training Camp
    Join Date
    Dec 1969
    Posts
    44

    Re: We Got The Stadium Deal!!

    I wouldn't get your hopes up yet. The taxpayers would have to spend over $400 million for the stadium and $115 million for the roads in the area. We will have to wait and see if this gets approved.

  10. #10
    TheViking's Avatar
    TheViking is offline Rookie
    Join Date
    Dec 1969
    Posts
    108

    Re: We Got The Stadium Deal!!

    I would love to see this deal go down. The Vikes in a new stadium, would be amazing. Also the retractable roof gig not to bad it works well here in Seattle for the Mariners but that’s comparing apples and oranges. And being a former Minnesotan I understand not wanting to be frozen to your seat in December!
    One cold January morning I will wake up and be able to say holy sh** they actually won!

Page 1 of 3 123 LastLast

Similar Threads

  1. Report: Vikes near stadium deal
    By midgensa in forum Vikings Fan Forum
    Replies: 5
    Last Post: 06-30-2011, 01:10 PM
  2. Will megamall deal usher in a stadium deal for Vikings?
    By singersp in forum Vikings Fan Forum
    Replies: 16
    Last Post: 04-23-2008, 04:49 AM
  3. Latest on Stadium Deal
    By cajunvike in forum Vikings Fan Forum
    Replies: 1
    Last Post: 08-31-2007, 04:09 AM
  4. Stadium Deal At Flash Point
    By singersp in forum Vikings Fan Forum
    Replies: 10
    Last Post: 11-19-2006, 05:56 AM
  5. Senators might kill stadium deal
    By Muggsy in forum Vikings Fan Forum
    Replies: 17
    Last Post: 05-06-2006, 11:07 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •