Wednesday, May 11, 2011

A Costly Proposal

I don't believe in publicly financed stadiums. The Pats are a great example of a team building it on their own. They got help from the state with infrastructure improvements along the highway leading to the stadium.

The Minnesota Vikings have wanted to move from the Metrodome for a long time. They announced plans to build a $1.1 billion stadium in the suburbs with a retractable roof. It will be built 10 miles north in Ramsey County.

The team and county announced their partnership, but I think the plan is flawed. The total costs includes the $884 million stadium and a small fortune in infrastructure improvements. The location is on a former military munitions facility.

The plan still needs the approval of the state legislature. Considering the economic climate, it might be dead on arrival.

The team would pay $407 million, with $350 coming from Ramsey County and $400 million from the state. The team estimates it needs $173 for infrastructure and removing hazardous material from the site.

The stadium is schedule to open in 2015, but I don't think it will see the light of day.

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