Two of the three contenders for a Vikings stadium have submitted their final proposals to Governor Dayton, ahead of a 5:00pm deadline. Ramsey County and Minneapolis both seek a new stadium for the state's NFL team, and their final plans mimic much of what has been previously discussed.
The third potential suitor, Shakopee, submitted their proposal yesterday, after unveiling it at the State Capitol.
1. Minneapolis Stadium Proposal
Of the three possible sites available in downtown Minneapolis, the Downtown East plan on the Metrodome site ultimately won out. City officials plan to fund the stadium with a "Three-for-One" financing plan -- which would benefit three facilities within city limits (Vikings Stadium, Target Center and Convention Center).
The financial plan will pay down debts accrued from the Convention Center and shift existing taxes (0.5% general sales tax, 3% downtown restaurant & liquor tax, and a 2.65% lodging tax) to fund the new stadium.
2. Ramsey County/Arden Hills Proposal:
The Vikings' preferred choice, Arden Hills would support a stadium on the site of an Army Munitions plant. Ramsey County would finance the site through a combination of team funds ($425 million, including $200 million from the NFL), $375 million in restaurant and sales taxes, and $350 million from the state of Minnesota. At the moment, it is unknown where the State's contribution will come from.
3. Shakopee Proposal
A late entry into the competition, Shakopee would place a stadium just north of Highway 169, near Valleyfair and Canterbury Park. Shakopee's plan would reportedly utilize fan-specific fees on merchandise, tickets, lottery scratch games, and special Vikings license plates, as well as racino funds from new slot machines at nearby Canterbury Park.
Shakopee officials submitted their plan directly to Gov. Dayton on Wednesday. It has not yet been released to the public.