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March 2012
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March 2012
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Arden Hills stadium proposal shows some new life <br />by Kristine Goodrich <br />A <br />sources would generate $16.3 million <br />proposal to replace the <br />in 2016 and grow to $25.5 million in <br />Governor said a third site on Linden <br />Metrodome dominated <br />discussion at the State Capital <br />30 years would equal a $300 million <br />especially its proximity to the Target <br />in January and early February. But a <br />contribution toward the $1.1 billion <br />Center, Target Field, many restaurants, <br />pitch to build a new stadium in Arden <br />and hotels. <br />Hills regained vitality in mid-February <br />Countys earlier tax proposal would <br />when Ramsey County Commissioners <br />have equaled $350 to $375 million. <br />Just days later, Dayton ruled out the <br />accepted a contractors bid to clean up <br />Linden Avenue site, due largely to <br />the potential stadium site and proposed <br />Legislative leaders didnt immediately <br />concerns from leaders at the nearby <br />new methods for funding its share of <br />rule the County proposal in or out. <br />Basilica of St. Mary over parking, <br />the stadium costs. <br />noise, and possible damage to the <br />historic building. Dayton concluded <br />Potential site is one of several <br />to keep the parking revenues for <br />the Metrodome rebuild was the only <br />A portion of the former Twin Cities <br />themselves. <br />remaining viable option. <br />Army Ammunition Plant is one <br />of several potential sites for a new <br />stadium. Its the preferred site of <br />A new Metrodome site proposal was <br />Vikings ownership. Some Ramsey <br />introduced late in February. Visit <br />extending taxes currently used for the <br />www.leg.state.mn.us for details about <br />Convention Center to help pay for <br />county-wide taxes <br />legislation. <br />a new stadium and to renovate the <br />tax increase and later a two percent <br />food and beverage tax to support a <br />requires a referendum before the City <br />$1.1 billion stadium and infrastructure <br />County contribution <br />can spend more than $10 million on <br />sources summarized <br />Vikings and the State also would help <br />would override that charter provision. <br />fund the stadium. Vikings ownership <br />At a January 26 meeting, several <br />would develop 170 acres of land <br />stadium proposal would come <br />members of the Minneapolis City <br />adjoining the 260-acre stadium site. <br />from: <br />Council expressed concerns over the <br />funding plan. <br />Governor weighs in <br />1. A $25 parking fee for Vikings <br />On January 18, Governor Mark Dayton <br />games and $10 fee for other <br />On February 7, a divided Ramsey <br />announced he didnt believe a stadium <br />stadium events, generating $5.4 <br />County Board accepted a bid for <br />million in 2016 <br />$20.6 million from St. Paul company <br />He said the County submitted an <br />2. Parking lot naming rights, <br />Carl Bolander and Sons to complete <br />excellent proposal, but legislative <br />generating $2 million in 2016 <br />building demolition, soil remediation, <br />leaders had it made clear they wouldnt <br />3. Food, beverage, sales, and <br />and other work to prepare the TCAAP <br />support any new County taxes without <br />lodging taxes at the stadium and <br />site for development. Additional work <br />a referendum. He also chided Vikings <br />the surrounding development, <br />such as remediating to residential <br />owners for not identifying how they <br />generating $2 million in 2016 <br />instead of commercial/industrial <br />planned to develop the surrounding <br />4. A three-percent fee on stadium <br />acres. <br />ticket sales, generating $1.6 <br />that could add a few million dollars to <br />million in 2016 <br />the cost. <br />5. New state sales taxes generated <br />rebuilding the Metrodome, estimated <br />by the stadium and the state <br />Days later, Ramsey County <br />to cost $918 million, wasnt his top <br />business property taxes <br />Commissioners Rafael Ortega and Tony <br />choice. He cited two primary reasons: it <br />generated by the surrounding <br />Bennett proposed a new plan for a <br />lacks the potential to spur economic <br />development would be used <br />County contribution toward a stadium. <br />development in the surrounding area <br />to fund area transportation <br />and the Vikings would have to play at <br />the stadium and the County would help <br />the University of Minnesota during <br />taxes would generate $3.3 <br />construction. Dayton dismissed <br />million in 2016. <br />summary of plan at right.) <br />a proposal to build a stadium in <br />6. Ramsey County pays the cost <br />Shakopee funded partially by user fees <br />to purchase and remediate the <br />With a projected annual growth of two <br />and expanded gambling because he said <br />430-acre site, $2 million annually <br />he doubted the gambling component <br />for 20 years. <br />Commissioners said the six revenue <br />would gain legislative support, and if <br />4 <br />
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