The first plan didn’t work so the Minnesota lawmakers have drawn together to develop a backup plan to pay for the Minnesota Vikings Stadium.
Initially, legislators felt by authorizing electronic gambling throughout the state they could generate enough revenue to pay for a new football facility being built in Minneapolis for $975 million.
When the revenues fell far short, the lawmakers began huddling to come up with a new plan, which the leaders of a House-Senate committee say they have. The plan has been called the “Governor’s Vikings Proposal” and is expected to generate about $32 million over two years.
The funds will be used to repay public bonds that will be sold to pay for the stadium.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at [email protected].