I cannot help but laugh how Dayton and all them D's are wanting a stadium bad....

Watching the outtakes on the news and this looks like a bad student council debate.

I will be shocked if it even passes.

IDK I use to be a huge sports fan but couldn't care less anymore. 1st they are not my home team. Just cuz they are based in MN doesn't make them from here so really if they leave oh well, I can still turn on the tv on sunday and watch a good football game. 2nd if they want it they should build it. Between how much money the NFL, The Teams, and the players have it would be very easy for them to pay for it. If they want to counter the cost they should just raise ticket prices that way the ppl that want it can pay for it and the ppl that do not want it doesn't get stuck paying. But that's just my half @$$ed opinion. most my friends would disagree and think we should give them anything they want on our dime lol  I take a lot of shit from my friends lol

In my opinion since the team and the NFL get all the profits from the stadium they should pay for building it.  The fans in MN already contribute by buying tickets and merchandise.  If it's such a great investment then Ol' Zigi should be able to raise the funds by appealing to all his rich buddies.

Damn you and your fancy logic!!!!

Tax payers footing the bill for some peoples recreation is retarded.

Attach a light rail to it => Instant cash cow!

From what I've been reading, it looks like it will pass.  

BOHICA

I have no doubt that it will.  I think people are sick of hearing about it and want it to just go away.

I can hardly get my wallet out of my pocket fast enough.  Sounds like a win win

Pretty much sums up my feelings as well

It passed of course.  I bet zigi sells the team for twice what he paid it within 3 years of the stadium being finished.

Fuck the Vikings and all their jackass fans who supported this.

if zigi sells the team in the next 15 years (i think 15), the state gets a cut.  I think every year that goes by, the cut reduces by about 1.5%.

I am glad that it got done!  Anyone that does not want any part of paying for it, then don't buy any electronic pull tabs, sports apparel, or tickets to the game.

I'm glad it's done so I don't have to hear about it anymore.  It's yet to be seen if the pull tabs and luxury suite will be able to raise enough to cover the state contribution costs.  Not to mention the 150 million that the city of minneapolis has to come up with

No problem. What is more, I won't buy anything in Hennepin county or watch the Vikings on TV either.

+1

+2

i would have been shocked if it didnt pass... it was decided a long time ago... they just acted out a little play so that the payolla was not so obvious...

few if any of the jobs they talk about are anything but non livable wage part time jobs

i remember how the economy almost collapsed when the northstars left (NOT)

my sons school offers extra credit to kids that bring in school basics that used to be supplied by the schools

fire depts and police depts are cutting staff all over the place



the ONLY good thing about this is how well it illustrates that we do not have a TAX PROBLEM... we have a SPENDING PROBLEM

While I do think there is a net benefit to having a long-established NFL franchise in this state, I am thoroughly disgusted in the way this deal has played out and what appears to be its final terms.  The Minneapolis mayor seems fit to bypass a required referendum based on a verbal OK that his attorney is not even willing to put into writing.  We can argue the merits of referendums in an elected representative government, but I am of the belief that if you don't agree with them then you campaign to have the referendum requirements repealed instead of resorting to word games so that they can be conveniently ignored.  At the state level I'm almost ashamed to call myself a Republican the way 2 members of that party babied this thing.  They pushed it towards any favorable committee they could and attempted to avoid any committee that might have even hinted at having resistance to the bill(s).  It's pathetic that they are more willing to give an out-of-state billionaire a handout than they are willing to determine how to get the money back to the schools that has been held back.  Between money from the NFL, naming rights, and new revenue streams (PSL's anyone? ... you season ticket holders are going to be taking it up the ass on that one!) Wilf will very likely have contributed nothing to the cost of this new stadium.  So while I'm at it let's not forget about Dayton and Mondale.  I can't believe Daffy Duck Dayton actually called it the 'Peoples Stadium'.  Where do they think up crap like that?  And that somehow it's going to help sell the deal like this is being done for the benefit of every single person in the state of Minnesota!  And finally, I sure as hell hope Mondale is never brought in to ever handle negotiating a hostage situation.  We had and mostly still do, have a deal that doesn't benefit the state of Minnesota in any significant way.  Other than for some short term construction jobs, it essentially maintains the status quo for the state (income taxes, existing stadium jobs) while significantly increasing the profit and value of the Vikings.  The state if not retaining the entire naming rights, should have at least gotten a percentage equal to their overall contribution.  Personally, I would have supported at most a $2M contribution from the state and $1M from the city of Minneapolis.  Or perhaps the existing contributions but with retaining naming rights.  

I guess it's safe to say I'm not one of those "country club" Republicans.

+87

A multitude of studies done show publicly funded sports stadiums are money losers for the public. Vikings still owe years and years of past due properwty taxes (millions of $$) on the Dome that I assure you will never he repaid.

Will there be an additional sales tax hike for Hennepin County purchases?   I really don't want to sift through the local media reports of this.

That was supposed to happen for Hennepin county.

There will be lawsuits. Expect even the Courts/Judges to ignore the law and ensure a statium is built.

+8000000021

And what about the additional taxes?  Is there any proof, anywhere, stating that they are NOT going to raise taxes for this?   This is the Minnesota/Minneapolis government we're talking about here - they don't do squat with raising taxes somewhere...

Right now there are no additional taxes.  The city of Minneapolis is diverting some of it hospitality taxes for their 150 million and the state is doing the gambling and user fee (tax) for their part.  There is no general fund or tax being implemented right now.  Like you said, this is the state of Minnesota, so maybe down the line there will be, but for right now there is none.

I can guarantee you that the pull-tabs will fail to generate the "expected" revenue. Also, Ziggy still owes back property taxes on the Dome. I can guarantee you those will never be repaid and 10-20 years after the new stadium is built there will be back-taxes on that one that never get paid. All in all this translates to a loss for the tax payers. How do I know this? Simple. It is the history of nearly every single publicly funded sports stadium.

Also, building the new Vikings stadium on the site of the existing dome is a very bad idea. There are few restaurants, bars, and other business on that end of town that will benefit from the new stadium. And of course that is always the promise that the owners peddle as a reason for the public coffers to be opened up to help build there new stadium. They argue the new stadium will generate millions in tax revenue as new businesses, restaurants, bars, etc. open up around the stadium. If this were true, then where are the multitude of bars, restaurants, and businesses that opened up around the Dome? Also, no business owner is going to open a business JUST because 6-10 nights per year they may see increased business before/after a football game. No, a business owner selects a location so he/she will see a steady flow of business year round.

Here are some quotes from the tons of articles and studies done over the decades that show publically funded stadiums are a mal investment:




http://www.cato.org/publications/commentary/governmentfunded-stadiums-not-worth-price-admission



http://www.stlouisfed.org/publications/re/articles/?id=468

IMO the money to pay for the stadium should have come 100% from:
The owner(s)
The NFL franchise
The players
Ticket buyers
New investors

Also, the real straw that broke the camels back for me was that the Vikings, both owners and players, expected us tax payers to be loyal fans and supporters and to cough over hundreds of millions of dollars to finance the stadium. Yet the moment there was a possibility the Vikings may not get public funds to help build a new stadium what do they do? Threaten to move the team from Minnesota. Yeah, so much for loyalty. If the Vikings are such a good investment, then Ziggy should have no problem finding private investors to fund the portion of the stadium bill he himself isn't willing to pay for. But the fact that he wants public money proves that he knows a stadium is a losing deal and the only way for him to make a profit off it is to get some sucker investors to give him free money that he isn't on the hook for sharing his profits with. Those sucker investors are you and I, the public.