Jan 14, 2014 at 3:28 pm
ST. PAUL, Minn. (AP) — A state agency that was to sell bonds for the Minnesota Vikings stadium says a lawsuit holding up that $468 million offering is flawed.
Department of Minnesota Management and Budget lawyers pressed the state Supreme Court on Tuesday to dismiss the case. It was filed Friday, a few days before a scheduled bond sale was to occur. The lawyers argue the lawsuit's existence has cast a "material cloud" in the minds of investors and needs to be resolved quickly.
Former Minneapolis mayoral candidate Doug Mann and two others are challenging the constitutionality of the state's stadium funding plan, which split construction costs for the $1 billion facility between the team and the public.
Officials warn a prolonged delay could leave bills unpaid and push out a planned summer 2016 opening.
Temp: 75°F (24°C)
Wind: 15 W
Weather: Mainly Clear