ST. PAUL, Minn. (AP) – An analysis prepared for Minneapolis officials finds the city is nearly 20 percent short of funds for a financial pledge by city leaders to a new Vikings stadium.
Minnesota Public Radio News reported details Thursday from the analysis prepared by the city’s stadium consultant. It shows that sales tax revenues proposed by Mayor R.T. Rybak to raise $313 million for a new stadium would fall about $50 million short of that mark.
City Council member and stadium critic Gary Schiff says he’s worried that the cost of making up the difference could ultimately fall on city property taxpayers.
A spokesman for Mayor R.T. Rybak, a stadium backer, says the analysis is correct but that Rybak hopes the deficit will be covered in stadium negotiations with the state and the Vikings.
Information from: St. Paul Pioneer Press
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