Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
4Activity
0 of .
Results for:
No results containing your search query
P. 1
Stadium Proposals

Stadium Proposals

Ratings: (0)|Views: 10,155|Likes:
Published by whistleblowermn
Mayor R.T. Rybak's three proposals for a Vikings stadium in downtown Minneapolis
Mayor R.T. Rybak's three proposals for a Vikings stadium in downtown Minneapolis

More info:

Published by: whistleblowermn on Oct 27, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOCX, PDF, TXT or read online from Scribd
See more
See less

04/01/2014

pdf

text

original

 
 
Minnesota Stadium
A World-Class Stadium for Vikings & Fans
Downtown East Site
Total Project Cost: $895 millionOpening Date: 2015Financing:
 
City of Minneapolis: $195 million
o
 
.35% sales tax(35 cents on $100) & 1% lodgingtax,
or 
 
o
 
5% Block E gaming gross revenues through 2020,3% after 2020 & $20 million license fee
 
City’s base annual operating contribution: $9 million
 
Minneapolis Proposal includes:
 
World-c
lass “People’s Stadium
,
publically owned and operated by a new stadium authority
 
Centrally located with easy access from major highways, light and heavy rail lines, andconvenient for biking and walking
 
A revitalized Target Center, with $150 million in renovations ($50 million from private sources)to keep major economic engine competitive for 20 more years
 
Ensures the long-term operating and capital needs for the Minneapolis Convention Center nowand into the future
 
Development opportunities in the heart of downtown Minneapolis
Public Benefits
 
Builds on significant public investments already in place
 
Provides fans with affordable transportation, parking and lodging options
 
World-class urban facility attracts biggest-
name events and secures Minnesota’s place as
entertainment, sports and tourist destination
 
Significant site improvements enhance fan experience, spur development and tax-base growth
 
Secures the future competitiveness of two other statewide economic drivers
 –
the MinneapolisConvention Center and the Target Center
 
Provides $5 million in property-tax relief for Minneapolis businesses and homeowners byeliminating property-tax obligations to the Target Center
 
Creates good jobs in construction, hospitality and service industries
 
Ends stadium debates and keeps Vikings in Minnesota for next 30 years
 
 
Minnesota Stadium
A World-Class Stadium for Vikings & Fans
Linden Avenue Site
Total Project Cost: $1.031 billionOpening Date: 2016Financing:
 
City of Minneapolis: $285 million
o
 
.35% sales tax(35 cents on $100) & 1% lodgingtax,
or 
 
o
 
5% Block E gaming gross revenues through 2020,3% after 2020 & $20 million license fee
 
City’s base annual operating contribution: $9 million
 
Minneapolis Proposal includes:
 
World-c
lass “People’s Stadium
,
publically owned and operated by a new stadium authority
 
Centrally located and easy access from major highways, light and heavy rail lines, andconvenient for biking and walking
 
A revitalized Target Center, with $150 million in renovations ($50 million from private sources)to keep major economic engine competitive for 20 more years
 
Ensures the long-term operating and capital needs for the Minneapolis Convention Center nowand into the future
 
Development opportunities in thriving sports and entertainment district
Public Benefits
 
Builds on significant public investments already in place
 
Provides fans with affordable transportation, parking and lodging options
 
Secures the future competitiveness of two other statewide economic drivers
 –
the MinneapolisConvention Center and the Target Center
 
World-class urban facility attracts biggest-
name events and secures Minnesota’s place as
entertainment, sports and tourist destination
 
Provides $5 million in property-tax relief for Minneapolis businesses and homeowners byeliminating property-tax obligations to the Target Center
 
Creates good jobs in construction, hospitality and service industries
 
Ends stadium debates and keeps Vikings in Minnesota for next 30 years

Activity (4)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->