Vikings bill passes House
The Minnesota House of Representatives passed the Vikings stadium bill after nine hours of debate on a 73-to-58 vote. Here’s the entire bill. The major changes were:
** State will share in naming rights income and will cap state portion of construction costs. The Vikings do not like this provision.
** Provides a 25% payment of the TOTAL SELLING PRICE to the state if the Vikings sell. That percentage is reduced 1% each year. The original bill called for a payment of the PROFIT only.
** The Vikings, rather than the stadium authority, would be responsible for operating overruns once the stadium is running
Capitol View has the vote count.
Vikings lobbyist Lester Bagley says new team contribution needs “to be worked out.” He called the $105 million increase as “not workable.”
— tomscheck (@tomscheck) May 8, 2012
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