Vikings Stadium Deal Possibly Dead

[jbhtexas]

I applaud the politicians for not caving to the owners and NFL. Why should the taxpayers have to fund a stadium that's not NEEDED. Sure it may NEED to be there to keep up with the other stadiums, but it's not a NEED. Not only would those taxpayers have to fund it, but so would us visitors to the TC. On top of that, imagine what you would pay to attend a game in that new stadium. An owner and NFL that get the proceeds, they should fund it. I don't see a lot of businesses going to the tax base and asking for them to build a store, or at least pay for half of it. Sure there are tax benefits, and loans. But loans are expected to be paid off.

I feel really bad for the fans of the Vikings, but this is a joke.

This. What's truly embarrasing for the Vikings is that their ownership + the NFL can't/won't pony up at least 1/2 the money. The NFL takes in $10 billion/year. If small markets really meant anything to the NFL, they could fund this stadium in a heartbeat.

The only time private industry ever get's that kind/level of financial support from the government is in stadium deals.

[ISpyCy]

Patrick Kessler‏@PatKessler
Senate Finance Cmte approves #vikings stadium bill-- w/ pulltabs and Racino-- on 9-5 vote.

Patrick Kessler‏@PatKessler
Sen Rosen: Racino will come off the #vikings stadium bill as soon as possible. Headed for Tax Cmte tomorrow.

Tweets from Sen. Kessler....hope I cited those right.

[CyBer]

Patrick Kessler‏@PatKessler
Senate Finance Cmte approves #vikings stadium bill-- w/ pulltabs and Racino-- on 9-5 vote.

Patrick Kessler‏@PatKessler
Sen Rosen: Racino will come off the #vikings stadium bill as soon as possible. Headed for Tax Cmte tomorrow.

Tweets from Sen. Kessler....hope I cited those right.

So they are staying in Minnesota?

[ISpyCy]

SavetheVikes.org | Driving the Vikes Towards the Goal of a new Stadium

This will get you up to speed...keep in mind it has already passed the Senate Finance Committee.

[Rhoadhoused]

So they are staying in Minnesota?

I believe the general agreement is that this next tax senate thing is going to be a more difficult step to get through with approval.

[ISpyCy]

I believe the general agreement is that this next tax senate thing is going to be a more difficult step to get through with approval.

I believe it will pass the Tax Committee, as long as Racino is removed. Not only does it have little support from from the Indian Gaming groups, but Senator Sean Nienow (the man who placed Racino in the Stadium bill in the first place) voted against it. The Tax Committee has the power to remove Racino if it sees fit and will likely do so.

Everything is coming together, but again, until shovels are in the ground, I'll sit and wait.

[Cyclone711]

This. What's truly embarrasing for the Vikings is that their ownership + the NFL can't/won't pony up at least 1/2 the money. The NFL takes in $10 billion/year. If small markets really meant anything to the NFL, they could fund this stadium in a heartbeat.

The only time private industry ever get's that kind/level of financial support from the government is in stadium deals.

False, they are.

[Wx4Cy]

Vikings stadium bill now being debated in Finance committee may face new hurdle (w/ LIVE VIDEO) - TwinCities.com

[HiltonMagic]

False, they are.

Where have you seen this at?

[Let's Go State]

This. What's truly embarrasing for the Vikings is that their ownership + the NFL can't/won't pony up at least 1/2 the money. The NFL takes in $10 billion/year. If small markets really meant anything to the NFL, they could fund this stadium in a heartbeat.

The only time private industry ever get's that kind/level of financial support from the government is in stadium deals.

I somewhat think that the ownerships sees the LA market and is leveraging it because they don't care. They'll make more in LA... A new stadium will earn them more with less costs.... They have the better leveraging position.

[Cyclone711]

False, they are.

Apologies, the Vikings are paying a little under 50% of the initial costs (976 million or whatever it is). I got mixed up when I was reading that they will cover all future costs (operating expenses, capital improvements). However, it is the third largest private contribution in league history.

http://www.vikings.com/stadium/new-stadium/facts.html

[Let's Go State]

Apologies, the Vikings are paying a little under 50% of the initial costs (976 million or whatever it is). I got mixed up when I was reading that they will cover all future costs (operating expenses, capital improvements). However, it is the third largest private contribution in league history.

Minnesota Vikings | Facts

Ok. Maybe I don't know my a** from a hole in the ground and should stop talking about things to which I don't fully understand......

That's good info. Thanks for the summary.

[Mr Janny]

This. What's truly embarrasing for the Vikings is that their ownership + the NFL can't/won't pony up at least 1/2 the money. The NFL takes in $10 billion/year. If small markets really meant anything to the NFL, they could fund this stadium in a heartbeat.

The only time private industry ever get's that kind/level of financial support from the government is in stadium deals.

that's not embarrassing. It's just good business. Why contribute more than they have to? LA is licking their chops for a team. The Wilfs are in an advantageous position. It's as simple as that.

[Rural]

FIFY!

[RING4CY]

If the Vikings do move will they switch up the divisions?

Easiest thing to do would be to move the St. Louis Rams to the NFC North from the NFC West, and move the L.A. Vikings to the NFC West from the NFC North.