Mar 1, 2012 at 9:15 am
ST. PAUL, Minn. (AP) - The Minnesota Vikings and state and local representatives are finally ready to bring forward a legislative proposal to build a new stadium for the team.
A news conference is scheduled for 9 a.m. Thursday to detail the proposal.
A person who sat in on negotiations Wednesday evening and requested anonymity ahead of an announcement later Thursday said the stadium would be built near the team's current Metrodome site. The person said the Vikings would pay more than 50 percent of construction and operating costs, would be required to stay for at least 30 years and that no new local or state taxes would be imposed.
Negotiators have been working for weeks on a plan for a new stadium. Any deal needs approval from the Legislature and the Minneapolis City Council.