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“People’s Stadium” officially proposed for Minneapolis

FBN Vikings Stadium 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. johnnyb216 says: Mar 1, 2012 7:20 PM

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

  2. jimmysee says: Mar 1, 2012 7:20 PM

    Grain Belt Park

    Hamms Field

    (like the soundof that)

  3. 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!

  4. zeapelido says: Mar 1, 2012 7:30 PM

    The Rock is not amused

  5. ownbay says: Mar 1, 2012 7:40 PM

    People’s Hernandez is one rich dude.

  6. oquintero99 says: Mar 1, 2012 7:40 PM

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

  7. thehighhat says: Mar 1, 2012 7:44 PM

    What is this, China?!?

  8. dcviking says: Mar 1, 2012 7:45 PM

    Wonder if they will get The Rock to open “The People’s Stadium”.

  9. jcusa514 says: Mar 1, 2012 7:47 PM

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

  10. 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!

  11. rc33 says: Mar 1, 2012 7:50 PM

    A billion bucks?
    Are they building it in Tokyo?

  12. elkmoundsucks says: Mar 1, 2012 8:04 PM

    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!

  13. babyhorsemorgan says: Mar 1, 2012 8:04 PM

    The uninhabited state of Montana is jealous of the name.

  14. jonsey2028 says: Mar 1, 2012 8:04 PM

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

  15. tougie1 says: Mar 1, 2012 8:13 PM

    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.

  16. The Unlikely Expat says: Mar 1, 2012 8:16 PM

    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.

  17. beyond2k says: Mar 1, 2012 8:32 PM

    “People’s Stadium” ???? I didn’t know Minneapolis was in North Korea.

  18. Soulman45 says: Mar 1, 2012 8:47 PM

    Hello LA it took a while but we made it where do we sleep tonight?

  19. gadgetdawg says: 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.

  20. AlohaMrHand says: Mar 1, 2012 9:29 PM

    the people’s stadium?Well the people are paying for it…

  21. halfcourthero says: Mar 1, 2012 9:33 PM

    LA Vikings? Sounds good

  22. 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.

  23. jenniferxxx says: Mar 1, 2012 9:52 PM

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

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

    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?

  25. richkotite says: Mar 1, 2012 10:00 PM

    “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.

  26. randomjim says: Mar 1, 2012 10:03 PM

    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.

  27. acmepackers says: Mar 1, 2012 10:04 PM

    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.

  28. thetooloftools says: Mar 1, 2012 10:25 PM

    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.

  29. rc33 says: Mar 1, 2012 10:31 PM

    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.

  30. ravenheath21 says: Mar 1, 2012 10:35 PM

    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.

  31. henryholland666 says: Mar 1, 2012 10:35 PM

    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.

  32. rugdog100 says: Mar 1, 2012 10:42 PM

    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.

  33. rcunningham says: Mar 1, 2012 11:09 PM

    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.

  34. thefnlimit 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.

  35. detroitcityryda says: Mar 1, 2012 11:21 PM

    The People’s stadium of the great republic of Minneapolis .fu(k Jared Allen though

  36. neko02011980 says: Mar 1, 2012 11:32 PM

    Don’t do it minn. bad idea.

  37. blowpackblow says: Mar 1, 2012 11:35 PM

    Hosting a super bowl will be as close as the Vikings and their fans will get to one, build it for them!

  38. Soulman45 says: Mar 2, 2012 12:10 AM

    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

  39. nflhof says: Mar 2, 2012 12:11 AM

    Soylent Green is people!

  40. hooterdawg says: Mar 2, 2012 1:24 AM

    I still like the Swedish Bikini Team

  41. brewtalviking says: Mar 2, 2012 2:01 AM

    An NFL team brings Commerce. Does not matter what the shoot from the hip fools say. There is a reason to keep a team in town.

  42. contra74 says: Mar 2, 2012 3:06 AM

    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?

  43. purpleman527 says: Mar 2, 2012 4:09 AM

    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?

  44. mattolikesthevikes says: Mar 2, 2012 4:55 AM

    Why doesn’t the nfl just guarantee a super bowl within ten years then.

  45. stellarperformance says: Mar 2, 2012 7:20 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”.
    ==================================

    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.

  46. packman1983 says: Mar 2, 2012 7:41 AM

    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

  47. virgiltrucker says: Mar 2, 2012 7:42 AM

    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.

  48. gb4mn0 says: Mar 2, 2012 7:50 AM

    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.

  49. packman1983 says: Mar 2, 2012 7:58 AM

    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

  50. gimmeabruschi says: Mar 2, 2012 8:07 AM

    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.

  51. iluvbears says: Mar 2, 2012 8:42 AM

    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.

  52. 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.

  53. clintonportisheadd says: Mar 2, 2012 9:08 AM

    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?

  54. thankheavenfornumberseven says: Mar 2, 2012 11:23 AM

    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.

  55. contra74 says: Mar 2, 2012 12:20 PM

    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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