Vikings Stadium Update - Minneapolis to Announce Proposal for the Metrodome Site

From the Star Tribune:

City officials have scheduled a midafternoon news conference at the State Capitol to outline details of the proposal, which comes two weeks before the Legislature is scheduled to adjourn. The city is competing with Ramsey County, which wants to lure the Vikings to suburban Arden Hills, to partner with the team and the state on a new stadium.

The city plan, according to the source, would use sales taxes from the city's convention center for the project and also would provide money for renovation of Target Center, the home of the Minnesota Timberwolves in downtown Minneapolis. The proposal would also change the debt structure for Target Center.

No city property taxes would be used for the Vikings stadium, the source said.

Read the full article...