The only Minneapolis Twins Stadium proposal I have seen is the one from MNTwinsville,Inc. The finances are laid out as follows:
Costs: Ball Park - $332,255,000 Roof - $104,821,000 Infrastructure and Site - $57,008,000 Cost of Issue: (Temporary Financing) - $1,110,000 Contingency - $36,106,000 TOTAL COST - $531,300,000 Funding Version A: Minnesota Twins Contribution - $120,000,000 City of Minneapolis - $7,000,000 Met. Sports Commission - $6,000,000 Permanent Seat Licenses (PSL's) $11,000,000 Seller financing on land $13,000,000 TAD Parking Revenue Bonds - $24,000,000 Car Rental Revenue Bonds - $118,000,000 Alcohol Revenue Bonds - $232,300,000 TOTAL SOURCE - $531,300,000 Funding Version B: Minnesota Twins Contribution - $120,000,000 City of Minneapolis - $7,000,000 Met. Sports Commission - $6,000,000 Permanent Seat Licenses (PSL's) $11,000,000 Seller financing on land - $13,000,000 TAD Parking Revenue Bonds - $24,000,000 Car Rental Revenue Bonds - $105,000,000 Alcohol Revenue Bonds - $105,300,000 Hospitality Revenue Bonds - $127,000,000 TOTAL SOURCE - $531,300,000 So, those of you who are espouse public ownership of this team and stadium care to tell us where the additional $524M is going to come from to build it? How about on-going operating and maintenance costs? The above plans only takes a direct to hit to the city's budget for 1.5% of the costs. Barb Lickness Whittier ===== "Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it's the only thing that ever has." -- Margaret Mead REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
