HomeMy WebLinkAbout3-7-12 EDC Packet MINNESOTA
WASTE WISE
Ramsey County Businesses:
Looking to save money by reducing waste?
Tried recycling in the past but couldn't make it happen?
• Increase Your Bottom Line with Free Waste
Reduction and Recycling Assistance.
Ramsey County has contracted with Minnesota Waste Wise in 2012
to provide professional consultation on waste reduction and
recycling at no cost to businesses in the county. Through site
visits and ongoing communication, Waste Wise will provide the
technical assistance you need to reduce waste and save money.
For more information or to request assistance, contact Mike
Weitekamp at 651-292-4677 or at mweitekamp@mnchamber.com.
You may also visit Waste Wise online at www.mnwastewise.orq
Minnesota Waste Wise is a 501(c)3 non-profit organization, affiliated with
the Minnesota Chamber of Commerce, that provides environmental
sustainability consulting to Minnesota businesses and organizations.
400 North Robert Street,Suite 1500
Saint Paul, MN 55101
(651)292-4650
• www.mnwastewise.org
•
- AIwEN HILLS
MEMORANDUM
DATE: March 7, 2012 EDC Agenda Item 4.A
TO: Economic Development Commission Chair and Commissioners
FROM: Jill Hutmacher, Community Development Director j'Ff
SUBJECT: TCAAP and Stadium Development Update
On March 1, a stadium deal between the City of Minneapolis, the Minnesota Vikings, and the
State of Minnesota was announced. The $975 million stadium would be built on top of, or just
east of the existing Metrodome site. Project funding includes $427 million from the Vikings,
$398 million from the State, and $150 million from the City of Minneapolis. The State
contribution would be funded through new gambling revenue from electronic pulltabs and virtual
bingo. The Minneapolis contribution would be funded through existing hospitality taxes that are
currently being used to support bonds for the Convention Center. The project cost has increased .
$80 million from the $895 million that was suggested at the November and December Senate
hearings.
Annual operating costs are expected to be approximately $20.5 million. Minneapolis would
contribute $180 toward operating costs over the next 30 years. The Vikings would contribute
$11.5 million annually for operating costs.
Renovations to the Target Center would not be included in the deal, although Minneapolis will
likely seek legislative authority to use any excess hospitality taxes for the Convention Center and
Target Center.
City of Arden Hills
Economic Development Commission February 1, 2012
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