Gov. Dayton and the Minnesota Vikings today released their proposal to build a new Vikings football facility near the existing Metrodome site. Surrounded by Minneapolis, legislative and labor officials, the Governor announced the $975 million deal to a packed press conference audience.
The proposal would use gambling pull tab revenues and existing Minneapolis sales taxes to fund the public portion of the project. No state general fund dollars would go into the project and no new revenues would be raised.
Now the real work begins. Today's announcement did not include the release of a negotiated piece of legislation. Legislators close to the project promised to introduce legislation within the next ten days. Hearings will likely take place throughout the remaining weeks of the 2012 legislative session.
Go here to view more information on the announcement.