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Farmers Market Plan-The Corridor - 11-03-2011

Farmers Market Plan-The Corridor - 11-03-2011

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Published by Cory Merrifield
Albersman & Armstrong along with Target Field conceptual creator Bruce Albrecht have put together a proposal for a Vikings Football stadium at the Farmers Market site in Minneapolis.
Albersman & Armstrong along with Target Field conceptual creator Bruce Albrecht have put together a proposal for a Vikings Football stadium at the Farmers Market site in Minneapolis.

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Categories:Topics, Art & Design
Published by: Cory Merrifield on Nov 13, 2011
Copyright:Attribution Non-commercial

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10/18/2013

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Dave Albersman 612-349-2778 Mark Oyaas 612-338-0330 Bruce Lambrecht 612-349-2775
Connecting Regional Sports and Entertainment Through Transit
 
 
Connecting
 
Regional
 
Sports
 
and
 
Entertainment
 
Through
 
Transit
 
November 3, 2011The Honorable Mark DaytonGovernor of Minnesota130 State Capitol75 Rev. Dr. Martin Luther King Jr. Blvd.St. Paul, MN 55155Dear Governor Dayton:For more than a year a group of interested citizens has been crafting and refining an urban revitalization plan thatincludes a new downtown Minneapolis site for the Vikings stadium, a redevelopment plan for the Metrodome, anexciting vision for what could be on the site of the current building, as well as a proposal for a new structure for financing and operating the region’s sports and entertainment facilities. The Stadium-related events of this past weekalone are ample evidence that we don’t have a system in place to make these important infrastructure decisions; wehave merely established a 55-year-long pattern of bad behavior. This submission is made in hopes that our State’sleaders will fill the void created by the collapse of the proposed funding formulas with a new framework thatrecognizes the potential power of a billion dollar stadium investment and harnesses that power to maximize publicbenefit.We call our efforts “The Corridor” [www.corridormn.com]. This refers to a concept which leverages current andplanned fixed rail transit to connect the region’s major sports and convention facilities. It speaks to the synergies of asports and entertainment district in Minneapolis utilizing all of the transportation and transit infrastructure the publichas already paid for. From this perspective the plan is a roadmap for recruiting large scale sporting events likesoccer’s Gold Cup or the Pan Am Games. If properly managed a legitimate bid for the Olympics could be in reach.On a macro level this proposal provides a means to come to grips with the ongoing crisis management thatcontinually clouds efforts to enhance the State’s sports infrastructure. We turn to the Metropolitan AirportsCommission (MAC) as an inspiring model for managing critical public assets and submit the MetropolitanEntertainment Commission (MEC) for your consideration. It is time to get the house in order. Between now and theregularly-scheduled legislative session it would be possible to convene a group of qualified and engaged citizens toform the MEC. They could consider governance, operations and financing options. Additionally this group could actas an arbiter for site selection.A MEC offers the opportunity to capture and consolidate the multiplicity of taxes and related publicly-generatedrevenues that could amount to $300 million which could be used toward immediate stadium needs. When combinedwith team owner contributions and other private sector support we submit that it is possible that the State contributionmay be a manageable $200 million. Our assumptions have been vetted by finance professionals from both the publicand private sectors, but they need the scrutiny that only State revenue officials can apply.In close, inspired by your willingness to lead our State in this difficult discussion, we give you our best efforts withhopes that they will continue to forward the dialogue towards a positive long-term good for the people of Minnesota.Sincerely,David J. Albersman, President – Albersman & Armstrong, Ltd.Bruce Lambrecht, President Investment Management Inc.Mark Oyaas, Managing Partner 
 
 – Neerland & Oyaas, Inc.
 
cc: Rep. Kurt Zellers, Speaker of the House Sen. Amy Koch, Senate Majority Leader Rep. Paul Thissen, Minority Leader Sen. Thomas M. Bakk, Minority Leader Rep. Morrie Lanning (author) Sen. Julie Rosen (author)Addresses:Rep. Kurt Zellers (R) (District 32B)Speaker of the House463 State Office Building100 Rev. Dr. Martin Luther King Jr. Blvd.Saint Paul, Minnesota 55155Rep. Paul Thissen (DFL) (District 63A)House Minority Leader 267 State Office Building100 Rev. Dr. Martin Luther King Jr. Blvd.Saint Paul, Minnesota 55155Rep. Morrie Lanning379 State Office Building100 Rev. Dr. Martin Luther King Jr. Blvd.Saint Paul, Minnesota 55155Sen. Amy KochSenate Majority Leader 75 Rev. Dr. Martin Luther King Jr. Blvd.Capitol Building, Room 208St. Paul, MN 55155-1606Senator Thomas M. BakkSenate Minority Leader 100 Rev. Dr. Martin Luther King Jr. Blvd.State Office Building, Room 147St. Paul, MN 55155-1206Sen. Julie Rosen75 Rev. Dr. Martin Luther King Jr. Blvd.Capitol Building, Room 322St. Paul, MN 55155-1606

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