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Bipartisan bill for Vikings stadium ties payments to benefits

As expected, a new, bipartisan bill was introduced Monday by Minnesota legislators hoping to keep the Vikings from joining the former Minneapolis Lakers in Los Angeles.  A news release issued by those sponsoring the bill bears the following headline:  “ONLY THOSE WHO BENEFITS FROM A VIKINGS STADIUM WOULD PAY FOR IT.”

The proposed bill contemplates that the team will cough up $264 million, and that the remaining $527 million will be spread out over 40 years.  The annual principal and debt payments would come from a hotel surtax (1.5 percent, for an estimated annual revenue stream of $8 million), a slice of jersey purchases (6.875 percent, which is expected to generate $16.9 million per year), a sports-themed scratch-off lottery game (which is expected to raise $5.5 million per year), and a rental-car tax (which also is expected to raise $5.5 million per year).

“The Vikings only have 20 games left in the Metrodome, and there are two weeks left of session. It’s clear that the window to build this stadium is closing,” said state Senator Tom Bakk, chief-author of the Senate version of the bill.  “If we wait another year to move this project forward, it will cost another $50 million.  This bill gives us the opportunity to put 13,000 people back to work, bringing $300 million in new wages to Minnesota.  And it guarantees the Vikings will stay in Minnesota for the next 40 years.”

In the more concise words of United States Poet Laureate Daniel Lawrence Whitney, “Git ‘r done.”

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42 Responses to “Bipartisan bill for Vikings stadium ties payments to benefits”
  1. Benjamin C Klein says: May 3, 2010 11:32 AM

    say what you want about Favre but he is the one who made it possible for this too happen…. without him who knows the Vikings could have ended up in LA in two years…. man that was hard for me to say since I really don’t like the guy

  2. Milhouse says: May 3, 2010 11:34 AM

    Unfortunately, the bill requires the league to commit to a Super Bowl in the new stadium; I can’t imagine the league is inclined to cooperate with the state of Minnesota these days (see: StarCaps).

  3. FLYBOY says: May 3, 2010 11:34 AM

    I’m hearing that mullett style wigs are big sellers up there and the brass is looking to tie in some type of tax.

  4. Spungy says: May 3, 2010 11:35 AM

    Make the bastards play in the cold.

  5. Ollie says: May 3, 2010 11:38 AM

    I wondered how in the heck they were ever named the LA Lakers. Hate the NBA, but hope the Vikings do stay in Minnesota.

  6. footballrulz says: May 3, 2010 11:38 AM

    You folks in MN ought to get this Bakk guy to run for Governor. Seems like he’s at least thinking straight on the stadium issues. Hope they get this done so all the Vikes to LA crap ceases. I still have a hard time with the Indiannapolis Colts. Certain things just should not change.

  7. Vikingbill1 says: May 3, 2010 11:47 AM

    You Packer fans hear that? Next 40 years. Keep these rivalries going. Some of the best in pro sports!

  8. War_Paint says: May 3, 2010 11:48 AM

    The Vikings at one time enjoyed an intimidating home field advantage late in the season when they played outdoors. Come playoff time teams from southern climes were brutalized by more than the Purple People Eaters. I can remember a few times when the LA Rams looked to be a better team but succumbed to the Vikings and the Minnesota cold during the post season.
    Like Green Bay, Minnesota should play outdoors. Domes are for nancy boys.

  9. red13 says: May 3, 2010 11:49 AM

    “ONLY THOSE WHO BENEFITS FROM A VIKINGS STADIUM WOULD PAY FOR IT.”
    That was the headline? That paper needs some better proofreaders for verb conjugation.

  10. Jeff says: May 3, 2010 11:49 AM

    Why didn’t the Vikings get a new stadium earlier?
    You guessed it. The Saints cheated.

  11. knightsroundtable says: May 3, 2010 11:54 AM

    state of MN if you’re smart, you will make it happen NOW!

  12. MrHumble says: May 3, 2010 11:56 AM

    “Milhouse says:
    May 3, 2010 11:34 AM
    Unfortunately, the bill requires the league to commit to a Super Bowl in the new stadium; I can’t imagine the league is inclined to cooperate with the state of Minnesota these days (see: StarCaps).”
    You forget my friend, the NFL is BIG BUSINESS and a skirmish over starcaps (which involves the players, not the Vikings) is peanuts. The NFL does not want to move the Vikings (in fact, I would bet that Wilf would sell the team before the NFL would allow him to move it) as it is one of the “all around” premier franchises, has deeply established rivalries with da’ bears, packers and lions, it is in one of the 13th largest markets and the NFL probably has a bigger issue with L.A. being “given” a team or franchise because of their failure to support either the Rams or the Raiders when they were there. Economics alone says the franchise will not leave Minny.

  13. Buckhead says: May 3, 2010 11:57 AM

    I didn’t know stadiums lasted 40 years anymore. Plus, adding extra hotel and rental car charges to Minneapolis visitors really makes sense as Minneapolis is always a first choice for visitors and making it more expensive will only increase that demand. IMO, this bill will require new taxes in the future to cover the poor future tax revenue estimates and new stadium in 20 years when an updated version will be needed to allow the team to continue to compete (financially). A successful bill would be one where Wisconsin pays for the Vikings new stadium. Since their team is the one that allowed Minnesota to succeed last year, that success could be parlayed into a new bill with Wisconsin paying?

  14. Bun McSticky says: May 3, 2010 11:59 AM

    Get it done or just move the stupid team.

  15. Ghost2thePost says: May 3, 2010 12:00 PM

    How many Vikings jerseys are sold per year now? You’re anticipating more than 2 million jersey sales per year, every year if those numbers are correct.Sounds preposterous to me.

  16. Ufanforreal says: May 3, 2010 12:03 PM

    footballrulz says: May 3, 2010 11:38 AM
    You folks in MN ought to get this Bakk guy to run for Governor. Seems like he’s at least thinking straight on the stadium issues. Hope they get this done so all the Vikes to LA crap ceases. I still have a hard time with the Indiannapolis Colts. Certain things just should not change.
    ——————————————————
    GROW UP!
    Teams have moved all through the NFL history,also if you are having a hard time about a team moving (specially one that moved to better itself) you should at least learn to spell it correctly. (INDIANAPOLIS)

  17. God's Own Silver and Blue says: May 3, 2010 12:11 PM

    “A news release issued by those sponsoring the bill bears the following headline: “ONLY THOSE WHO BENEFITS FROM A VIKINGS STADIUM WOULD PAY FOR IT.””
    Easily-proven bullshit of the purest ray serene, of course. It isn’t just football fans who stay in hotels and use rental cars. Yet everybody who books a hotel room and/or rents a car will be expected to help foot the bill for this proposed new mistake by the lakes.

  18. Matthew Moe says: May 3, 2010 12:34 PM

    40 years to pay off something that will only see 20 to 30 years of use. Sounds like the American Way to me.

  19. The People's Junk says: May 3, 2010 12:46 PM

    This is great news, but it is still only the beginning….. that is the sad part. The Vikings have been more than patient with the State considering they have been trying to get a new stadium for more than 10 years. Meanwhile they stood by and watched the Twins and the Gophers get new digs. The people who rally to fight this are just plain uninformed. With a new stadium the Vikings, through multiple sources, would DIRECTLY contribute approx. $40 Million per year to the state tax base. That means that to recoup their $527 Million in investment they would only have to wait around 13 years. Since it would be a 40 year stadium, that leaves nearly 27 years of tax revenue that is considered gravy. If that does not seem like a good investment to you, then I sincerely hope you are not my financial advisor. Basic math tells you that in those 27 years, the State would reap more than $1 Billion in profit in today’s dollar value. I know people cry because they don’t want to pay for it now, during the budget crisis… Well then maybe we should have done it 5 years ago when the budget was overflowing with cash. Truth is, penny pinchers don’t want their money going to anything they don’t choose… and that is fine…. but I have news for you….it already does and usually it is for something that does NOT make long-term financial sense for the state. I do not use nor care about many of the items that our taxes pay for, but I am not bitching about it. I realize that we all pay a little and get a lot in return, just not always what we want. That is just the way it is, deal with it. Rant over.

  20. Profanity in ALL CAPS says: May 3, 2010 12:49 PM

    I love the Metrodome

  21. Ruvell100 says: May 3, 2010 12:56 PM

    If a group gets something they want in Minnesota, another group has to get theirs too. Kind of like when the DNR’s budget included state money for the Guthrie Theater renovation.
    I’m guessing the Vikings will get state money only if another large sector of Minneapolis folks get an upgrade to their establishments on the taxpayers dime. So Gay 90’s, Minneapolis Eagle, and A Brother’s Touch should be about as hot as it gets for you, Contra!

  22. EskinSux says: May 3, 2010 12:59 PM

    In 40 years, every one of these so called legislators will more than likely be dead…..But hopefully Favre will be still be playing and the Favre jersey sales to the pathetic fan base that is the Minnesota Vikings will support what basically is a political relection campaign….

  23. jusford says: May 3, 2010 1:02 PM

    How many stadiums have gone 40 years without a renovation?

  24. God's Own Silver and Blue says: May 3, 2010 1:15 PM

    “So Gay 90’s, Minneapolis Eagle, and A Brother’s Touch should be about as hot as it gets for you”
    Since Pervy Harvin isn’t here to confirm, I take it these establishments are equivalent to the Blue Oyster of Police Academy fame?

  25. thevikes99 says: May 3, 2010 1:25 PM

    It you build it they will come!

  26. MNFANINAZ says: May 3, 2010 1:38 PM

    Lambeau is overrated

  27. PossibleCabbage says: May 3, 2010 1:44 PM

    As a Minnesota resident, voter, and taxpayer who is not a fan of the Vikings, I think this is the only sort of Vikings Stadium proposal that I can get behind: one I don’t have to pay for.

  28. jimmySee says: May 3, 2010 1:47 PM

    I don’t see how rental car surcharges and hotel taxes are placing the costs only on those who benefit from the stadium — unless the taxes and surcharges only apply to weekend rentals or stays when there is a home game.
    The description in the press release is fake and misleading.
    A better and more honest alternative would be a value added tax on game tickets, parking, and concessions.

  29. Dano-48 says: May 3, 2010 1:50 PM

    I can remember when they built the Metrodome and it was the best dome ever. Now it is not good enough to play 8 games a year in plus if they make the playoffs. They blew it when they didn’t go in with the U. of M and built a joint stadium like Arizona did. The U of M field sits empty how many days a year. But the Vikings owner wants to make all the money. The State of Minnesota is Billions in debt and it is always funny how they can come up with all the ways to make money to help Pro Sports teams. It’s like there are 13000 workers out of work because there is no stadium to build. Lets get the State out of debt before we spend money on a Pro Sports team.

  30. Johnnyb612 says: May 3, 2010 1:51 PM

    Tick…tock…tick…tock. I love watching these guys squirm.

  31. OLDCRACKER says: May 3, 2010 1:52 PM

    If building this stadium is so profitable for the tax payers of Minnesota, let the owner and his “inner circle” pay for it. They could recoup their investment and all that “profit” over the next 40 yrs.
    Better yet, get the state to buy all working families a new truck, American built. You could put a new tax on the auto dealers, parts suppliers and gas stations to pay for them. Hell, the state should really be reeling in a windfall after 40-50 years!!!
    Get a f*cking clue…this doesn’t benefit anyone other than the owner and a handful local businessmen.

  32. DCBinSTP says: May 3, 2010 1:59 PM

    So many haters on here with nothing better to do (look for a job or develop some real skills perhaps?). Seriously, 75% of you are some unhappy SOBs…We’re all high and mighty when armed with a mouse and keyboard, though.

  33. Franchise says: May 3, 2010 2:20 PM

    @ The Peoples Junk, Bravo my friend! That was one of the best, informative posts I have seen in a LONG time.
    I commented on the earlier topic of this stadium bill saying about the same thing.
    People dont understand that not only does a stadium create jobs, it will bring more money to the state while being built.
    It also brings money into the state for those who come and stay from out of state for games. Jersey, merchandise, consessions at the games, not to mention that the purposed stadium is alot like Target Field, which has shops, bars, and resturants incorperated to it.
    The last fact people forget about is that the state performance tax on the NFL alone brings in over $30 million a year.
    If the state reps turn this down, they should lose their seats, because in the end, it will cost the state alot more the next 40 years without the NFL than it would to build the stadium, have it paid for within 15 years, and benefit there after.

  34. The People's Junk says: May 3, 2010 2:28 PM

    OLDCRACKER says:
    May 3, 2010 1:52 PM
    If building this stadium is so profitable for the tax payers of Minnesota, let the owner and his “inner circle” pay for it. They could recoup their investment and all that “profit” over the next 40 yrs.
    Better yet, get the state to buy all working families a new truck, American built. You could put a new tax on the auto dealers, parts suppliers and gas stations to pay for them. Hell, the state should really be reeling in a windfall after 40-50 years!!!
    Get a f*cking clue…this doesn’t benefit anyone other than the owner and a handful local businessmen.
    _________________________________
    Wow, who needs to get a clue? I would hope even someone as clueless as you would realize that the reason it is a solid investment for the state is because of tax revenue. And for that exact reason, it would not be profitable for the Vikings to foot the entire bill. They don’t get to collect the extra $40 million a year in tax revenue that the state does. I guarantee you if the State told the Vikings that they would hand over all direct sources of tax revenue to the Vikings (about $40 Milllion per year), the team would break ground tomorrow and then reap all of the benefits themselves.
    On a side note, I believe the Vikings directly contribute around $25 million per year now to the tax revenue stream…. I find it funny that you somehow believe that all of that money does not help you or your family in any way, however small it may be.
    I guess what I am trying to get through your thick skull is that while it may not be the best set of circumstances for the State to give money to a private co, but they would be a hell of a lot better off than the team leaving and losing all revenue streams related to the team… as well as all other events that would occur at a new venue.

  35. Ruvell100 says: May 3, 2010 2:44 PM

    God’s Own Silver and Blue-
    “So Gay 90’s, Minneapolis Eagle, and A Brother’s Touch should be about as hot as it gets for you”
    Since Pervy Harvin isn’t here to confirm, I take it these establishments are equivalent to the Blue Oyster of Police Academy fame?
    ____________
    Yes. You have Hubert’s, a real nice place to get a beer and a bite to eat next to the Dome. After that, the closest bar on Washington and the closest toward downtown are both gay bars. Only the Vikings, man…only the Vikings.

  36. chickenragnarpartdeux says: May 3, 2010 3:31 PM

    Yes. You have Hubert’s, a real nice place to get a beer and a bite to eat next to the Dome. After that, the closest bar on Washington and the closest toward downtown are both gay bars. Only the Vikings, man…only the Vikings.
    =================================
    According to Bob Nelson, 55% of the people in Minnesota are packer fans.
    I would imagine this would explain the reason there are 2 gay bars close to the dome.
    They want to make sure the packer fans have a place to go after the game.
    Seriously Ruvell, it’s a bit of a stretch to tack this to the Vikings, don’t you think?
    Christ, in La crosse, there are 2 gay bars close to a Biker bar.
    I guess by your logic, that would make the bikers gay then huh?
    Come on down and tell a few of the Outlaws that.
    I’ll introduce you to a few and even buy your beer for the night.

  37. sand0 says: May 3, 2010 4:05 PM

    This bill primarily taxes those who benefit from the stadium directly. That should keep all those stadium crybabies at least semi satisfied until the next non-welfare/education/art use of state money comes up.
    What surprised me is that this bill doesn’t seem to require 100s of millions of dollars from a county entity, unless there is some part I’m not aware of. Most stadium deals require a lot of local money. This is in many ways statewide and metro wide.
    In any case, it is nice to see something happen. Hilarious how these lawmakers for years have said that they can’t even spare a second to think of this and that there is zero tax money available and then they hash out a concept in a week that doesn’t require general tax fund. Flippin lazy idiots. Knew it all along.
    On a side note, as neat as outdoor football is, our state needs a stadium with a roof. I’d personally prefer they just give it a fixed roof in that case because the retractable is a lot of money to pay for 8-11 home games a year. There are also many other advantages to having a pure indoor or outdoor stadium as opposed to a retractable style.
    And as much as we like to talk about the cold weather Vikings history, the truth is that the Vikings have been a dome team for quite some time now. They have been generally a high flying offense type. Right now they are proving that you can play smash mouth football in a Dome anyways. Our home field advantage is one of the loudest stadiums in the league and I hope they make the next one even LOUDER. Might not be cold but it is loud. Hell yeah I can get behind that.
    Packers fans crack me up when they talk about “tough, hard nosed, outdoor Packer football” and all that. Their team is the opposite of smash mouth today. The defense relies on complex formations and trickery (though they do play the run well with those big bodies) and their offense is purely a spread them out attack. Lol. Solid team and all but not hard nosed. Not at all.

  38. Ruvell100 says: May 3, 2010 4:23 PM

    chickenragnar-
    “Seriously Ruvell, it’s a bit of a stretch to tack this to the Vikings, don’t you think?”
    ___________
    It’s a not a bit of a stretch. It’s a huge stretch. No real correlation whatsoever. But you’re welcome to pick up my beer tab next time I’m in LaX.
    sando-
    “In any case, it is nice to see something happen. Hilarious how these lawmakers for years have said that they can’t even spare a second to think of this and that there is zero tax money available and then they hash out a concept in a week that doesn’t require general tax fund. Flippin lazy idiots. Knew it all along”
    ___________
    This is probably the one thing we will agree upon wholehearedly in our entire PFT posting “career.”

  39. TheBaySay says: May 3, 2010 4:24 PM

    Maybe they can get a little more money by milking the ad angle. “The annoying horn blast for that first down was brought to you by Skoal smokeless tobacco. Skoal – because when you think of Vikings, you think of brown teeth and bad breath. Skoal = Vikings!”

  40. fakepunt says: May 3, 2010 4:53 PM

    Why not open up some betting lines on whether or not Favre will return or not? Half the pot goes to fund the new staduim. That will surely cover it.

  41. Brewster says: May 3, 2010 6:23 PM

    The annual principal and debt payments would come from a hotel surtax (1.5 percent, for an estimated annual revenue stream of $8 million), a slice of jersey purchases (6.875 percent, which is expected to generate $16.9 million per year),
    _______________________
    I’m having more than a little difficulty believing these numbers.
    So based on the above numbers that means the hotel industry in Minneapolis does $532M per year, OK I can believe that.
    And based on these numbers that means the total revenue from jerseys would be $245M per year.
    So the NFL jersey business is about half of the hotel industry revenue in Minneapolis. I’m having trouble with that one.
    That is if my numbers are right.

  42. Mista T says: May 3, 2010 7:23 PM

    Good to see that Minnesota lawmakers have come up with a solution that will keep the Vikings in Minneapolis.
    My only complaint in this whole affair: I attended my first game at the Metrodome last fall, sadly lost when Hauschka shanked the potential game-winner at the buzzer. There is nothing wrong with that stadium from a fan’s seating perspective. The only shortcoming is lack of premium seats for the owner. Guess what happens to those good seats at the Metrodome in a new stadium? They become nosebleeds.
    To those macho guys criticizing a domed stadium in the frigid Minnesota: I guarantee that both of these whiners don’t purchase tickets to any cold weather games, if they support (by buying tickets) ant NFL team, period.
    To those who morons who think that stadium roulette and franchise relocation are acceptable practices: you obviously don’t attach yourself to the NFL team in your home town. Two words: Baltimore Colts.

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