The state of Minnesota says it has sold $85.4 million in bonds to pay for a new Senate office building. Minnesota Management and Budget announced the bond sale Tuesday. State officials said earlier they would start on the four-story building near the Capitol within a few days of the sale.
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The Minnesota Vikings stadium project is about to get its formal infusion of money from the state. The Department of Minnesota Management and Budget will sell $467 million in bonds early next week to cover the public share of the $1 billion construction budget.
Eight banks are teaming to underwrite hundreds of millions of dollars in Minnesota bonds to finance construction of the new Vikings stadium. Management and Budget has notified the banks they were selected from a group of 22 that submitted proposals.
The state of Minnesota is preparing to issue bonds that will cover the public share of the new Vikings stadium. Minnesota Management and Budget issued what’s known as a “request for proposal” on Monday.
Minnesota officials say they completed a $60 million bond sale for an emergency communication system and got a good reaction from investors.