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3A, TCAAP Stadium Update
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3A, TCAAP Stadium Update
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6/21/2012 3:04:47 PM
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.�•, 4 r„ <br />,�- �� <br />��;�r„n„,a. .d� <br />hr C b:� i�• �+J"� <br />a Fl;j\ <br />��'� <br />t�� � ��� iik��`tC.��,l <br />�' ::`�,: r'�",�� <br />4ii`f.-'s. ^.. � n � ii; <br />1`4 �°"�' �� <br />�� ���.�.`:;y�F,:�� f i <br />�s�:iF� ,� <br />��.,a,�;��;,�i�''�,, <br />KEN [OSSO <br />A5SISTANT TO COMMISSIONER <br />ken.iosso(�co.ramsey.mn.us <br />�cw.11cLU.�� � o � �° ll� .Q�i�¢� <br />Cl-iA1R <br />B�ARD OF RAMSEY COUNTY COMMISSIONERS <br />DISTRICT 5 <br />February 10, 2012 <br />Governor Mark Dayton <br />130 State Capitol <br />75 Rev. Dr. Mar�in �,uther King Jr. Blvd. <br />St. Paul, MN 55155 <br />Senator Julia Rosen <br />317 State Capitol <br />75 Rev. Dr. Martin Luther King Jr. Blvd. <br />St. Paul, MN 551�5 <br />Representative Morrie Lanning <br />379 State �ffice Building <br />1 p0 Rev. Dr. Martin l.uther Kirtg Jr, Blvd. <br />Saint Paul, Minnesata 55155 <br />Subject: Ramsey County User Fee Proposai for People's Siadium <br />Dear Governor Dayton, Senator Rasen and ReprEsentative Lanning: <br />Zzo couRx Hovs� <br />ST. PAUL, MCNNESOTA 55102 <br />TF1. (651) 266-8350 <br />FAX (651} 266-8370 <br />Ramsay County remains committed to working with you to develop a Peopie's Stadium on the <br />TCAAP property in Arden Hills. In all of aur negotiations with the team and discussions with you <br />and other state leaders, Ramsey County has strived to remain flexible, ta prob{em solve <br />creatively and to work, at all times, in the best interests of the people of Ramsey County and the <br />State of Minnesota. <br />Below we present our third comprehensive financin� plan for the stadium development, a menu <br />of funding aptions #hat capture user fees and site-specific taxes totaling up to $20•6 million <br />annually, or $618 mil{ion over the 30-year life of the project. This financing plan, uniike others <br />being discussed at the Capitol, is solid, workab{e and feasible. The anticipated financing begins <br />immediately. It does nat diverf existing funding from other public purpases. <br />ln the past year, we have made two previaus stadium financing proposais, but you asked us ta <br />bring forward another alterna#ive that does not rely on a aountywide tax. We are pleased to <br />bring a menu af entirely user-financed options that stay focused on ihe Vikings stadium and do <br />nat complicate the proposai with other issues. We ask far your support ta make this plan a <br />reafity. <br />Ovar the past year, we have negotiated the purehase and clean-up of the needed land for this <br />project. This week, #he Ramsey County Board awarded a fixed-price pollution clean-up contract <br />Minnesota's First Home Rule County <br />printed on recycled paper mith a minlmum ol 10� posl cansumer content <br />� <br />
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