Barbara Thanks for the stats. Can you elaborate for us on the TAD revenue bonds? I am familiar with the ramps, but not with how these bonds would be funded. Do the alcohol tax and hospitality tax cover downtown areas of the city, the whole city, or the county? What areas will be paying the added car rental tax? What I do not see in these numbers is the selling of the naming rights for the stadium? Who gets the money from that? While these proposed funding schemes do not have Mpls paying much directly, there seems to be plenty paid indirectly. My own belief is that this stadium is a business expense and thus should be paid for by the team or its owner. Carl's share of these costs are not nearly enough for me to get off my no taxpayer stadium soapbox. When the taxpayer portion of this facility is about 1/4 or less of the total I will shut my mouth and pay for my share of that. Again, thank you for your numbers. Ron Leurquin Nokomis East
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
