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.