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ST. PAUL, Minn. (WCCO/AP) – The push by the Minnesota Vikings for state money for a new stadium is back on the agenda this week at the Capitol.
The Vikings debuted a full-page newspaper ad over the weekend suggesting that income tax collections from Vikings and visiting players, team employees, and sales tax proceeds in the stadium could make up the state share. That could raise enough to pay a $650 million state share.
Lawmakers would then have to cover the ensuing hole in the state general fund. But at the relatively small cost of about $20 million a year to pay off construction bonds, it would let lawmakers avoid raising new taxes or authorizing expanded gambling.
Two state Senate committees hold a hearing Tuesday to discuss potential locations for the stadium.
The public hearings will be held at the State Capitol and will focus on potential sites for a new stadium. The first public hearing will be held Tuesday from 9 a.m. to 1 p.m. in Room 15 at the State Capitol.
State Rep. Terry Morrow, DFL-St. Peter, was scheduled to hold a press conference to talk about a proposal on how to finance a new Vikings stadium but it has been canceled.
(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved.This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)