Vikings remain optimistic stadium deal will be finalized

AP

Vikings V.P. of public affairs and stadium development Lester Bagley made a return visit to PFT Live on Tuesday to talk about Monday’s historic vote by the Minnesota House of Representatives to approve a bill that would build a new home for the team.

Though the bill was amended to increase the team’s share by $105 million, Bagley said that the Vikings and the NFL saw that complication coming.

The next goal is to persuade the Minnesota Senate to pass the original version of the bill, which contemplates a team/league contribution of $427 million.  Bagley explained that, if this happens, the two bills would be resolved via a Conference Committee — and that the final bill would return to the House and the Senate for a final up-or-down, no further amendments or debates vote.

So there are still several hurdles.  But on Monday night, the biggest one arguably was cleared.

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9 responses to “Vikings remain optimistic stadium deal will be finalized

  1. The house version was very reasonable, especially the ROI the state would get in that scenario. But, the NFL holds the cards. Hopefully the reps in MN will get at least a $50mm bump from the Vikes so they’re not buried by this project!

  2. “So there are still several hurdles. But on Monday night, the biggest one arguably was cleared…”

    ————————————–

    Wrong wrong wrong.

    The BIGGEST obstacle is going to appear the minute any bill is signed. At that point a very well organized and well funded group of Minneapolis residents will demand the City allow them to vote on the $150 million the City must kick in. The City Charter requires it. The residents demanded it. The State just patted them on the head and said “your democratic rights are revoked in this matter”.

    If the CITY does not allow a referendum there will be lawsuits. LOTS of them. And by reading the City Charter (its online folks-take a gander) it’s hard to figure out how they would lose.

    Of course a “Handout for Billionaires” referendum could pass with Minneapolis residents but I would give you 3-1 odds it goes down 58-42%.

    Any takers?

  3. skinningcats says:
    May 8, 2012 3:43 PM
    “So there are still several hurdles. But on Monday night, the biggest one arguably was cleared…”

    ————————————–

    Wrong wrong wrong.

    The BIGGEST obstacle is going to appear the minute any bill is signed. At that point a very well organized and well funded group of Minneapolis residents will demand the City allow them to vote on the $150 million the City must kick in. The City Charter requires it. The residents demanded it. The State just patted them on the head and said “your democratic rights are revoked in this matter”.

    If the CITY does not allow a referendum there will be lawsuits. LOTS of them. And by reading the City Charter (its online folks-take a gander) it’s hard to figure out how they would lose.

    Of course a “Handout for Billionaires” referendum could pass with Minneapolis residents but I would give you 3-1 odds it goes down 58-42%.

    Any takers?

    ————————————————-

    There are not any new taxes being imposed on the residents of Minneapolis, so in fact a charter is not required.

  4. I suspect the final bill will have something like $50 million in additional funding for the Vikings. The Minneapolis City Council has overridden the City Charter provision 23 times in the last 20 years. And the Minneapolis City Council voted for this bill, with this provision, not once- but twice. So, the precedent for this is well established. It is not some special exception for this bill.

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