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New stadium financing plan

New stadium financing plan Click to Enlarge Photo: Minnesota Vikings

May 20, 2013 at 6:29 am

ST. PAUL, Minn. (AP) Minnesota Vikings stadium finance plan, take two.

At the request of Gov. Mark Dayton's administration, the Legislature is temporarily rerouting money from a new cigarette tax and from a corporate tax to backfill a lagging stadium fund.

The fix is part of a giant tax plan on course for final legislative approval. The House signed off early Monday. 

Last year, lawmakers authorized a new form of gambling to cover debt on the state's $398 million stadium share. But those games have failed to take off as hoped, leaving some worried as a summer bond sale approaches.

 Republicans say Dayton is breaking a promise that the stadium wouldn't be paid with general treasury dollars. Dayton has said he's making sure the stadium project doesn't fail.  Construction begins this fall.

Mike Tanner

Posted By Mike Tanner

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