Update: Minneapolis stadium deal of $975 million announced, but 'real work begins'
Update 10:25 a.m.:
Update 10:25 a.m.:
ST. PAUL -- Gov. Mark Dayton, key legislators, Vikings owners and Minneapolis leaders announced a deal to build a $975 million Vikings stadium, which still needs approval from the Legislature and Minneapolis City Council.
The stadium would be built next to the Metrodome, the downtown Minneapolis facility that hosted the Vikings for nearly three decades.
Funding stadium construction, the major stumbling block for years, is proposed to mostly come from the state and Vikings, with Minneapolis contributing less at the beginning but paying $7.5 million in operating expenses each year.
The state's contribution would be $398 million from electronic pulltab and bingo games, which the Legislature would need to approve before a stadium can be built.
Vikings owners said the team would pay $427 million for construction, but would not outline the sources.
Minneapolis' initial contribution would be $150 million from existing sales tax revenues.
Long-time state Sen. Roger Moe, who as a northwestern Minnesota lawmaker was the longest-ever Senate majority leader, said the announcement is good news because it gives legislators a chance to see a firm proposal, not just generalities.
Lawmakers are awaiting to see a specific bill, but now can read a 13-page agreement among the major parties.
"Now, the real work begins," Dayton said in announcing the deal.
He said the project would put 8,000 construction workers on the job, along with 5,000 employees of suppliers.
Rep. Morrie Lanning, who first talked to the Vikings about a stadium more than eight years ago, said getting to this point has been difficult. The Moorhead Republican, lead representative on the stadium, added: "The time has come for Minnesota to make a decision."
"We believe we have a plan now that stands the best chance of getting legislative approval," Lanning said.
Sen. Julie Rosen, the lead Senate stadium author, said legislative leaders have seen the plan and that Senate Majority Leader Dave Senjem, R-Rochester, is supportive. The Fairmont Republican said that today's announcement is a handoff to the Legislature from negotiators who have worked for months.
Lanning earlier said the plan will go through the full legislative process, including hearings in several committees.
Dayton emphasized that no state tax money is being used in the construction proposal.
Don Davis reports for Forum Communications Co.
Update 10 a.m.: Deal announced for $975 million Vikings stadium near Metrodome
ST. PAUL (AP) -- Gov. Mark Dayton and legislative leaders are detailing a new proposal to build a $975 million stadium for the Minnesota Vikings.
The proposal would put the new stadium nearly on top of the current Metrodome site in Minneapolis.
The state would pay $398 million upfront, with the city of Minneapolis contributing $150 million. The Vikings would pay $427 million up front.
The Vikings say that when operational costs are considered, they would pay a bit more than half of the cost of the stadium over time.
At a Capitol news conference, Dayton said the proposal depends on support from the Minneapolis City Council and the Legislature.
The state's share of the money would come from expanding pulltab gambling games to include an electronic version, while the city's contribution would come from redirecting existing convention center and hospitality taxes.