Vikings get NFL loan, but financing questions over personal seat licenses remain

This HKS Architects rendering shows one “operable feature” that a new stadium might include.

The NFL came through with the loan they promised the Vikings to finance for their $477 million share of a new stadium has won the official stamp of approval from NFL owners meeting in Arizona, according to 1500 ESPN Twin Cities.

It’s no surprise. The Vikings have been talking about the $200 million loan for two years.

The debt service comes from what’s called the “visiting team share” of premium seating. Under NFL rules, the home and visiting teams for each game split ticket-related revenue 60 percent-40 percent. The League’s financing program pledges the visiting team’s share of just premium seat fees to service the league’s stadium loan.

Since the Metrodome has suites, but no “club” seats, that revenue source hasn’t really been available in any large amount to either the Vikings or visiting teams — at least compared to other stadiums. And it requires a new or substantially rebuilt stadium. (You can read about the NFL’s television contract and “G4” financing over at footballphds.com.)

The Vikings consider the NFL loan part of the $477 “private” share of stadium financing, although the ultimate private source of the revenue will be ticket holders, and not the Vikings.

That leaves $277 million to left to account for.

First will be naming rights. It isn’t clear who will pay or how much, but under the stadium law, the proceeds fall on the Vikings side of the ledger. Experts think the deal may be similar to the Target Field agreement. The Twins and Target haven’t disclosed the dollar figures, but Bloomberg Businessweek recently estimated the deal to be worth about $125 million over 25 years.

And then there’s the REAL mystery: how much of that $277 million in other Vikings contributions will be coming from ticket holders in the form of personal seat licenses? And how mad might it make fans and the governor? Back in 2011, the Vikings CFO Steve Poppen floated a $50 million figureRamsey County penciled in $125 million worth of them in its stadium financing plan.

The Vikings insist the licenses will be part of the People’s Stadium plan, but we still don’t know how many seats will be licensed and what the price structure will look like.

  • el jefe

    really liking this design a lot better with this perspective!

  • el jefe

    really liking this design a lot better with this perspective!

  • Larry Sanderson

    Oh yes! My gosh! We should always respond to terrorist demands!

    • Pearly

      I see what you did their comparing the RNC to terrorist. Very clever! “Lean Forward” Larry.

      • Sue de Nim

        You’re right. There’s a big difference between the RNC and a terrorist organization: you can negotiate with terrorists.

  • reggie

    Unlike Reince Priebus, Hillary Clinton has been a public figure and accomplished much over a long career. Regardless of what she may or may not do in the future, she is an eminently worthy subject for a film. What storyteller wouldn’t want the kind of material her life and career provides? I think the Repub reaction is simply jealousy: their alpha females are worthy fodder only for Saturday Night Live.

  • Sue de Nim

    No. I’m tired of the GOP’s use of manufactured outrage over such things. If these shows turn out to be puff pieces, they’ll end up hurting Clinton’s electability when the rebuttals come out (not to mention undermining the credibility of the media). More likely, they’ll try to show the complexity of her character, “warts and all.”

  • Tim

    MSNBC and NBC always support the DFL. It makes them irrelevant as a source of news. CNN has been working hard to become a news source – this seems to move them away from that goal.

  • John O.

    Would the Democrats do the same if Fox was considering airing a biography of Marco Rubio at a future date?

    • kevins

      why do a serious piece of journalism..he will only show up on Fox anyway. That makes it free to him and money for them with no ethical issues. Sweet. But consider the source.

  • Yes, because Hillary Clinton is a beautiful person with a fascinating history that billions of people want to know more about.

  • PaulJ

    There is no sense in pulling a Clinton that might be interesting in favor of those worthless “sound bite” debates.

  • david

    Do they still have the equal time thing? If so is there an empty suit that could possibly fill four hours? Newt has done enough creepy stuff to make an interesting story.

  • Sarah

    Yes! Political interests should NOT dictate television programming. Regardless of the fact that Hillary Clinton is a prominent figure in recent U.S. history, network programming choices should be made by the network based on viewers’ interests. Political parties should remain entirely uninvolved lest we wish to move toward state-run TV.

    • Sarah

      Oops – thought the question was “should they still SHOW” the programs. Should they pull the programs? NO!

  • Hugh Shakeshaft

    There’s no coincidence this miniseries is a pretty heavy handed piece of propaganda, a not so subtle way for us to get to know Hillary. NBC is free to do what it wants, and as a republican, I do not want to encroach on freedom of speech rights. Sooner or later, maybe not in 2016, our country’s financial situation will bring us back to the right. For now, I’ll just patiently wait.

    • JQP

      I would argue that nearly all of what we call news is, functionally, propoganda. There is no pure news organization – one that investigates, tracks or simply “finds” anything and everything and then publishes the raw unvarnished content. If it weren’t for cell-phone cameras, the internet and individuals posting … you can bet your nightly news would be all giggles and smiles … until Armegeddon hits ( locally ) and some bubble head tells you .. “you heard it here first”

      General Electric owns NBC and the news division clearly ceased looking into any corporate “mis-deeds” and began its life as giant news reading service until wars and terrorism provided them a “safe” go to bogey to blame bad things on.

  • Okay then

    I think it rather funny that it would even matter. If the only place anyone gets their information for who they want to represent them in government is television, then they will get what the talking heads allow them to receive.
    Pull the shows? It,s TV. It’s ALL entertainment. I say air the shows and then I would tell FOX to hurry up and pull together a Rand Paul miniseries. Then the people who care about it can be even.

  • Gary F

    NBC/CNN can run what ever they want. And the National Republican Party can choose not to have them for a debate.

    I don’t see the bid deal. Is NBC/CNN owed a debate? I don’t think so.

    Good for the RNC. No big deal, move on.

    I guess this needs to be drummed up as a news story so not to talk about Benghazi.

    • Pearly

      To quote former Secretary of State Hillary Clinton,
      ‘What difference, at this point, does it make?

    • david

      That’s cute. The rnc is making up a scandal over a TV show, and it’s a scandal to distract from another rnc scandal du jour.

      • Gary F

        You mean Anthony Wiener? Or the Mayor of San Diego? Or Detroit? Or why has CNN talked to US employees at the Benghazi consulate but the government’s investigators haven’t? Or Chicago’s gun problem? Or sending arms to Syria? Egypt? Snowden?

        • Pearly

          That must be the “phony scandals” the President was talking about last mounth.

          • KTN

            You must mean things like the IRS non-scandal, which has now been completely discredited, but the right just cannot accept facts (unless of course those facts are made up by them or by Faux News).

          • James

            Where have you been getting your news and what has been discredited?

          • KTN

            National Review Online, The Heritage Foundation, and, oh wait, those are the groups that perpetrate the lies.

            Here is a good Bloomberg article

            http://www.bloomberg.com/news/2013-05-15/irs-sent-same-letter-to-democrats-that-fed-tea-party-row.html

            Here is a good read from that leftist Washington Post (Ezra Klein).

            http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/16/the-scandals-are-falling-apart/

            Another from Salon

            http://www.salon.com/2013/06/24/this_pretty_much_kills_the_irs_scandal/singleton/

            and on and on.

          • James

            Each of your links is focused on the IRS scandal – 2 from May and one from June. None of the other scandals are addressed, but let’s look at the IRS scandal. Your articles claim that the IRS also looked at left leaning groups. That much is partially true, as far as it goes, but it’s a half-truth – the blackest of lies.

            100% of all groups with names containing the words “tea party”, “patriot”, or “9-12” were given extra scrutiny, were asked three times as many questions on average, including who are your Facebook friends, what are the contents of your prayers, and other across the line items.

            The IRS scandal isn’t dead. It’s been tied to the Federal Election Commission, as reported by CNN, who I wouldn’t normally cite, but being as you’re so generous as to give me a WaPo cite…

            http://www.cnn.com/2013/08/05/politics/irs-fec-controversy/index.html

          • KTN

            “100% of all groups with names containing the words “tea party”,
            “patriot”, or “9-12″ were given extra scrutiny, were asked three times
            as many questions on average…”

            Right, and how many were denied their nonprofit status?
            The correct answer is none, well except for the single organization that was actually denied their tax status, and guess what, its a progressive group – imagine that.

            I realize that Darrell Issa (Mr. Grand Theft Auto), is continuing his pursuit, but it is a fools errand – but plays well with the rabid base.

          • James

            The correct answer is none, but again, you answer with a half-truth. How many were approved? Of the 104 applications, 48 were approved. The other 56 were either pending or withdrawn as of May 31.

          • KTN

            You act as though those pending or withdrawn all have legitimate claims to be tax exempt. Many of these organizations on both sides of the spectrum are not the familiar 501c(3), but c(4)’s and those play by different rules. The 501 c(4) is the black hole where the charter is supposed to be a social welfare advocate, but donations to political groups is okay, as is lobbying for or against policy. Donations to these groups is not tax deductible

            If a Tea Party group wanted to act as a political group, they would not qualify for 501c(3) status, but instead as a 501c(4).

          • Pearly

            Lol. Case colsed

        • david

          Yep, guess so. And whatever other thing you can dwell on constantly to feed your hatred and partisanship. There’s no way this stuff could be a distraction to make sure nothing useful gets accomplished. Well nothing more useful then getting one group of shills elected over the other group of shills.

        • JQP

          More like the internal structural battle the RNC says wasn’t happening but … clearly is.

          As those exiting the elevator might tell you …. “Clearly it was SILENT, but … the other evidence was incontrovertibly DEADLY.”

  • JQP

    It really doesn’t matter. “Big TV” – both broadcast and cable/sattellite – News Media systems … are corporate managed shills whose only purpose is to sell advertising. News is like… 5th on the list.

  • WJH

    Absolutely not!! GOP should stop whining and do something for the middle class in DC.

  • Ralfy

    I would hope the Hillary Clinton profiles are factual and not dramatized propaganda packed full of misrepresentations (see “Path to 9/11”). Whether Hillary Clinton is a candidate or not, she is an important figure in modern American history and worthy of having an accurate film shown about her. I find it interesting that the RNC immediately assumed that the presentation will be biased in favor of Hillary Clinton. I seems that if it’s not on Fox, and they can’t control the message, the RNC assumes the worst and hits the threat button. If the RNC pulls the debates from NBC and CNN, the message to voters is that the Republican debates are not news, but rather “Info-tainment”. I’m sure that NBC and CNN will come up with something to fill the air space – perhaps a re-broadcast of their Hillary Clinton films?

  • gary

    GOP must really be scared, going to this extreme….

    • Gary F

      What’s more funny is the response from the left.

      • KTN

        What response is that. It appears that the machinations are coming solely from the right – what with the RNC’s call to act like little children and threaten to not participate in the debates. Such integrity.

  • david

    I wonder if NBC and CNN will show a little more integrity then PBS who has taken to pulling anything critical of their corporate overlord… I mean sponsor david koch.

  • Jeff

    This is sort of a non-story…politics playing out in the newsrooms? GOP is entitled to their opinion as a private group as well as CNN and NBC can run anything they want…I just wish the idea that news organizations are not biased could be eliminated. Just tell us your biases up front, each anchor/editor should explain their political viewpoints on their respective news websites.

  • Dang

    Diane Lane is way too pretty to play that hag.

  • Andre

    Why not do a show about an interesting potential Republican candidate if you can find one. The news stations would like wimps f they do not air the show. A grate candidate would make an interesting show and I look forward to viewing a documentary about Hilary Clinton.

  • cindy

    NO-this still a free country right?? who is intimidated here?

  • Jeff

    They should tell the GOP not just no but “HELL NO”.
    Interestingly, wasn’t the whole “Citizens United” flap started by promotional adverts run by the GOP’s far right wing owners that lied and defamed Mrs. Clinton in alleged “support” of a movie financed by one of their hate groups?

  • Laurahh

    Hillary has been the most admired woman in the world for the last 17 years in a row.She is a super smart, nice and interesting woman who inspires women everywhere.We want to watch her tv series and her documentary; she’s just great! HILLARY 2016!

  • cemell2888

    I’m not worried about any of this RNC hogwash. Hillary Clinton has got the 2016 presidential election in the bag. The Republicans can stop huffin’ and puffin’ and start getting use to the 2nd great President Clinton. I’m ready for Hillary 2016!