When last we checked in on the Minnesota Vikings stadium funding mess back in the spring, state legislators were wondering whether the state’s stadium bond sale could go through in August, what with no one knowing exactly how the state would repay the bonds after revenues from e-pulltab gambling fell woefully short. Well, here it is August, so do we have a bond sale?
Plans to put state bonds on sale this month to finance the state’s portion of the Vikings stadium have been put on hold. The sale will now likely take place in September.
We do not have a bond sale.
Minnesota Sports Facilities Authority chair Michele Kelm-Helgen swears this isn’t a problem, since the first $50 million in stadium expenses will be shelled out by the Vikings. Still, Kelm-Helgen says that no stadium groundbreaking will take place until the bonds are “out there and moving.” How’s that campaign to get Minnesotans to gamble more going, anyway?