“People’s Stadium” officially proposed for Minneapolis

AP

When assessing the announcement of a deal to build a new NFL stadium in Minneapolis, it’s important to remember that an understanding between the team, legislative leaders, and the mayor of Minneapolis doesn’t constitute a final agreement to break out the shovels and start moving dirt.

The Legislature still must approve the eventual bill, along with the Minneapolis City Council.  There’s no guarantee it will happen.

Per the Associated Press, the $975 million stadium would be built with $398 million from the state, $150 million from the city, and $427 million from the Vikings.  Also, Minneapolis would provide $189 million in operating costs and the Vikings would contribute $327 million.

The stat’s portion would come from electronic “pull-tab” gambling game.  The city’s portion would come from an existing sales and hospitality tax.

But it’s an election year for the state-level lawmakers, and the public remains generally opposed to diverting any public money to the process.  And so the subtle politicking begins, with legislative leaders calling the project the “People’s Stadium,” and Governor Mark Dayton claiming that “no General Fund tax dollars” will be used.

But does the specific source of the public money matter?  It’s still all public money.  Every dollar devoted to building the stadium is one less dollar that can be devoted to something else.

And while we continue to believe that the people and the politicians should understand that building a stadium provides significant benefits to the community (especially if the new building brings a Super Bowl back to town), the effort of selling the stadium could backfire.  If the people feel like they’re being fed a bunch of P.R. mumbo-jumbo in order to push this thing through, the people will tell the powers-that-be to take the “People’s Stadium” and insert it into a specific orifice that every person possesses.

I said more stuff about the situation on Thursday’s PFT Live.

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55 responses to ““People’s Stadium” officially proposed for Minneapolis

  1. “the stat’s portion”. I’d think you’d want to make this your best work, mike. Why am I not surprised.

  2. Wow. $750 million of public money (including the so called operating costs). Hopefully the citizens of Minneapolis can vote against it.

  3. and in other news, the north koreans are suing minnesota for stealing the name of every stadium they have throughout north korea.

  4. Uh oh, here comes the flock of Packer fans who claim that the “Peoples Stadium” is Lambeau just like the Packers are “Americas Team” and they are “Team Owners”. Suck it Packer fans!

  5. This wreaks of Minneapolis business men and local politicians scratching each other’s backs to line their pockets. Thanks, Fritz, for deciding what’s best for Minnesotans. The Twin Cities had (maybe still has) an opportunity to clean up an eyesore superfund site, and build something to be proud of. In Minneapolis, Vikings Fans will will remain screwed by a limited game-day experience. I hope the legislature and city council vote it down, then Ramsey County can realize the opportunity they have to do something special!

  6. I guess this means there will be a Superbowl in Minneapolis in the future. Hi… welcome to Minneapolis in February enjoy Superbowl whatever.

  7. And to all the true Vikings fans out there, congratulations! This Packers fan values the rivalry between these two teams too much to wish for them to leave.

  8. It is probably an inevitability that a team is going to be moving to Los Angeles in the next couple years, and I don’t understand why. Most of these stadium deals to me are completely unnecessary. I am just hoping that owners like Jerry Jones and Dan Snyder don’t put the pressure on my favorite team (Buffalo) to build a billion dollar stadium or be forced to move.

  9. Historically any time anything is called the ‘People’s’ anything it has turned out very badly for the people. I suspect this will be no different.

  10. I’d rather see that money go to a good cause, like fixing our highways and freeways. God they suck.

  11. Translation … the people get to pay for it. King Zygy says, ‘thank you my fools … thank you.’

  12. contra74 says:
    Mar 1, 2012 7:49 PM
    Uh oh, here comes the flock of Packer fans who claim that the “Peoples Stadium” is Lambeau just like the Packers are “Americas Team” and they are “Team Owners”. Suck it Packer fans!

    ———————————————–

    In keeping with you being the archtype dumb ass of the vikequeef nation you are so wrong to assume that Packer fans would lay claim to Lambeau being the “peoples stadium.” It has been and will remain simply the home of the now 13 time NFL Champion Green Bay Packers….period!

    As far as sucking it goes, that would imply you having one which is doubtful and if you did have one it surely has disappeared by now due to chronic friction.

    How’s that whole thing of having “played football all the up to the NCAA level” working out for you………putz?

  13. “And while we continue to believe that the people and the politicians should understand that building a stadium provides significant benefits to the community (especially if the new building brings a Super Bowl back to town)”

    I love me some football, but if you’re inferring this is a sound financial investment by the State, I call BS on this Super Bowl point. The League loves to tout this, but for every economic study that shows a net benefit, another refutes it.

  14. Ahh…don’t think so. And In the long run it’s going to cost you Minneapolis Vikings “fans” a lot more than the $250 that 260,000 fans spent on Packers stock.
    ====================================

    Provided you are a Packer fan who has only purchased “stock” once.

  15. It is a waste of money to build a new stadium right now because our state has so many more important financial concerns, but I’m thrilled for the Vikes to stay in Minneapolis. As a Packer fan, it’s easy to get tickets here because the local fan base doesn’t really have any passion whatsoever for this woeful franchise.

    ‘Skol Pack.

  16. This team was bought to be moved. It has been in the plans for years. The new owner was smart enough to know the lease terms and the team value on the open market.
    Come on.
    This is NFL Payton place.

  17. The People’s Stadium.
    You would’ve hoped even someone as incompetent as our elected officials would be sharp enough to realize how overwhelmingly corny that sounds.
    You would’ve hoped.

  18. The metrodome is an old building they need to build a new stadium to hope to host a superbowl. if they don’t they need to move the team the economy of Minnesota is struggling having their citizens pay $100+ a ticket and $7.50 a beer is not helping them. Give the fans a reason to go. they seem to like outdoor stadiums and that could give them an upperhand if they could find a way to the playoffs. The construction alone could create at least 5000 jobs.

  19. And while we continue to believe that the people and the politicians should understand that building a stadium provides significant benefits to the community

    No it doesn’t, stop it. Study after study has shown that stadiums, especially NFL stadiums, are not the financial windfalls that their backers and the sports media make them out to be.

    That’s why I support the AEG stadium here in Los Angeles instead of the Ed Roski one. AEG will pay for it (using some funds which must be paid back in specific timeframes) but it’ll be in an already developed area, with plenty of entertainment options. The Roski site is in the middle of nowhere, relatively, and the wealthy fans that they’ll need to buy PSL and luxury suites aren’t going to hang around afterwards to go to dinner.

    It’ll be the Chargers that move to the AEG stadium. Great, after Frontiere and Davis, we’ll get the Spanos Goofs. Hopefully, the Rams will be the team.

  20. Don’t speak on behalf of “The People” if you’re not one of them. I am and I’m fine with building a stadium when there are no tax increases or general fund money being sacrificed. Besides, the “people” won’t approve it or disapprove it, legislators will. They do whatever they want, regardless of what their constituents want anyway.

  21. tdk24 says:
    Mar 1, 2012 9:47 PM
    I’d rather see that money go to a good cause, like fixing our highways and freeways. God they suck.

    Deal with it. Nobody likes road construction.

  22. Soulman45 says:
    Mar 1, 2012 8:47 PM
    Hello LA it took a while but we made it where do we sleep tonight?

     And

    halfcourthero says:
    Mar 1, 2012 9:33 PM
    LA Vikings? Sounds good

     ———————————–

    You two are so ridiculously dumb it make me mad to have to tell you because you won’t get it. Why is there always some dipsh!t that makes a crack about LA when all of this political BS is progressing the right direction? Seriously, find something less retarded to say.

  23. hefnlimit says: Mar 1, 2012 11:20 PM

    Soulman45 says:
    Mar 1, 2012 8:47 PM
    Hello LA it took a while but we made it where do we sleep tonight?

    And

    halfcourthero says:
    Mar 1, 2012 9:33 PM
    LA Vikings? Sounds good

    ———————————–

    You two are so ridiculously dumb it make me mad to have to tell you because you won’t get it. Why is there always some dipsh!t that makes a crack about LA when all of this political BS is progressing the right direction? Seriously, find something less retarded to say.
    ……………………………………………………………………………………………………..
    Glade you enjoyed my post I have some more coming take your time and wait i am going to the game and watch the LA Viking.
    Thank You
    Soulman45

  24. gb4mn0 says:
    Mar 1, 2012 9:53 PM

    How’s that whole thing of having “played football all the up to the NCAA level” working out for you
    ——–
    Its helped me live out an amazing life so far. Hey, shouldnt you be getting ready for the graveyard shift at the 7-11?

  25. Once again, why, do you and others, harp on “public money” being used for a stadium, only in regards to Minnesota?

    Santa Clara, ie…the 49ers, just passed a stadium measure using PUBLIC MONEY, and no one gave a rats rear end about it. Not one story was devoted to the use of public money being used to fund billionaires for the 49ers.

    Can anybody explain that to me/us?

  26. contra74 says: Mar 1, 2012 7:49 PM
    Uh oh, here comes the flock of Packer fans who claim that the “Peoples Stadium” is Lambeau just like the Packers are “Americas Team” and they are “Team Owners”.
    ==================================

    Wow, you take bitter and frustrated to a whole new level. You can keep the (very original) moniker “Peoples Stadium.” Already sounds legendary. Congratulations.

    We’ll keep “America’s Team” because it’s true, and “Team Owners”, because it is true also. Truth is good.

    Hey, maybe you and your fellow fans can assist with the demolition expenses of the Hefty Bag Arena, like true fans. You can volunteer to cut up the roof material into “stock certificate-sized” pieces and have them autographed by players? How much do you think you could raise? Anything close to $67M? It may be the closest you’ll ever get to an undeniably impressive level of dedication. Good luck DB.

  27. Why would a Packers fan care about the name of the stadium on a bill??

    The stadium will be called The ‘Sponsor name inserted here’ Stadium.

    True Packers fans want you to stay because we enjoy beating you.

    I roll my eyes at most Vikings fans, they are like school on Sunday……No Class!

    Bears fans are much more respectful in my experience.
    Vikings fans prefer just to use inane childish insults to try and bring us down.

    Hope the Bill passes, but please man up Vikings fans your obsession with us is a tad tiresome

  28. gadgetdawg said: Mar 1, 2012 9:22 PM

    “Historically any time anything is called the ‘People’s’ anything it has turned out very badly for the people. I suspect this will be no different.”

    Yeah, Volkswagen is still struggling to make a name for itself.

  29. contra74 says:
    Mar 2, 2012 3:06 AM
    Its helped me live out an amazing life so far.

    —————————————-

    Huh, now that’s a first, I’ve never heard someone suffering as a pot abusing social mis-fit and a pathological liar who lives in their mommy’s basement with mushrooms growing out of their armpits as having an amazing life……..so far.

  30. And the Stock is a symbol of our support and loyalty.

    If no-one bought the Stock, fans would pay more for tickets, merchandise, food, drinks etc at Lambeau Field.

    One way of another we end up paying more.

    This way we get something back, if you dont understand what we got back thats ok you are just a little slow

  31. Hmmm, $398 million from the state, $150 million from the city, and $427 million from the Vikings?

    Sounds like they need to be building a $427 million stadium then.

  32. briang123 says: Mar 1, 2012 7:29 PM

    “People’s Stadium?” Man, I knew there were a lot of leftists up there in Minnesota but wow!
    —————————————————–
    There are. Unfortunately, not enough of us to counteract the right-wing extremists up here.

  33. contra74 says:
    Mar 1, 2012 7:49 PM
    Uh oh, here comes the flock of Packer fans who claim that the “Peoples Stadium” is Lambeau just like the Packers are “Americas Team” and they are “Team Owners”. Suck it Packer fans!

    ___________

    Really? C’mon, man, personally I like a lot of your attacks on Packer fans, but the above is a pretty feeble effort. Even the most diehard Vikes fan (of which my father-in-law is one) has to agree that “people’s stadium” is about as dumb as it gets.

  34. Since every poll I have seen has the majority of Minnesotans AGAINST ANY TAX MONEY in any form going to a billionaire, calling it ‘The Peoples Stadium” must be a joke right? A giant middle finger to the voters from the power elite in the state yes?

  35. Why do idiot lefties always look at it as the public is giving money to a billionaire? An equally valid way of looking at it is the billionaire is giving money to the public. This will be a publicly owned stadium that will get half its funding privately. It’s a good deal for everyone. These same people who say they don’t want to pay a cent for a stadium will be screaming bloody murder when the team leaves. Then they’ll be begging their politicians to build a new stadium that will be 100% publicly funded so they can get a new team.

  36. tombradysponytail says:
    Mar 2, 2012 8:56 AM
    contra74 says:
    Mar 1, 2012 7:49 PM
    Uh oh, here comes the flock of Packer fans who claim that the “Peoples Stadium” is Lambeau just like the Packers are “Americas Team” and they are “Team Owners”. Suck it Packer fans!

    ___________

    Really? C’mon, man, personally I like a lot of your attacks on Packer fans, but the above is a pretty feeble effort. Even the most diehard Vikes fan (of which my father-in-law is one) has to agree that “people’s stadium” is about as dumb as it gets.
    ——–
    Hey, Im not saying I like the “Peoples Stadium” name. In fact, I think its downright stupid. Im just making jabs at how the packer fans on this board make claims of OUR TEAM and AMERICAS TEAM .

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