New Money From Tax Bill To Be Used On Vikings Stadium
Minnesota Vikings stadium news is coming out of the Legislature today as the session nears an end.
At the request of Gov. Mark Dayton’s administration, the Legislature is temporarily rerouting money from a new cigarette tax and from a corporate tax to backfill a lagging stadium fund.
The Associated Press reports that the fix is part of a giant tax plan on course for final legislative approval. The House signed off early Monday and the bill is moving to the Senate.
Last year, lawmakers authorized a new form of gambling to cover debt on the state’s $398 million stadium share. But those games have failed to take off as hoped, leaving some worried as a summer bond sale approaches.
Republicans say Dayton is breaking a promise that the stadium wouldn’t be paid with general treasury dollars. Dayton has said he’s making sure the stadium project doesn’t fail.
Construction on the stadium begins this fall, and it is set to open in 2016.