ST. PAUL, Minn. (AP) – Minnesota legislative Republicans are dropping a last-minute proposal to finance a new $975 million Minnesota Vikings stadium by issuing bonds directly tied to the state’s general treasury and are scheduling a vote on an existing proposal.
House Majority Leader Matt Dean cited “impediments” on Thursday for giving up on their general obligation bonding proposal that came to light only Tuesday. House Speaker Kurt Zellers said the Legislature will vote Monday on another plan that relies on an expansion of gambling.
Democratic Gov. Mark Dayton, lawmakers from his party and some Republicans have been trying to figure out how to finance the new Vikings stadium. The team no longer has a lease to play in the Metrodome.
Zellers says personally opposes the bill and isn’t sure it’ll pass.
(Copyright 2012 by The Associated Press. All Rights Reserved.)