Eva Young
Delivered-To: [EMAIL PROTECTED] From: "Paul Kuettel" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> X-Mailer: Microsoft Outlook Express 6.00.2800.1106 Subject: [Mpls] Hot Flashes Sender: [EMAIL PROTECTED] X-BeenThere: [EMAIL PROTECTED] X-Mailman-Version: 2.0 List-Help: <mailto:[EMAIL PROTECTED]> List-Post: <mailto:[EMAIL PROTECTED]> List-Subscribe: <http://www.mnforum.org/mailman/listinfo/mpls>, <mailto:[EMAIL PROTECTED]> List-Id: Minneapolis Issues Forum <mpls.mnforum.org> List-Unsubscribe: <http://www.mnforum.org/mailman/listinfo/mpls>, <mailto:[EMAIL PROTECTED]> List-Archive: <http://www.mnforum.org/pipermail/mpls/> X-Original-Date: Tue, 1 Apr 2003 10:32:27 -0600 Date: Tue, 1 Apr 2003 10:32:27 -0600
Hi All!
I am putting my career in jeopardy, but this is too good not to share with the list.
Agreement has been reached on a new Twins stadium, and the announcement will be
made on opening day at the Metrodome. The site will be downtown, but Mpls
officials are still hemming and hawing about where. They prefer a site near the
Hiawatha line, and the investors are looking at the Western edge site.
The Pohlads have put $200 million up front, in exchange for a share of parking,
concessions and suite revenues for the next 15 years.
The legislature will pass a $200 bonding bill.
The remaining costs, estimated at $100-$200 million will be covered by a temporary metro-wide 1/4% sales tax which will remain in effect until the project is paid for, estimated at 5-7 years.
What this means for the Vikings is unclear, but there is alot of behind the
scenes work going on to buy out McCombs and establish local ownership. It is
already public that Taylor and Naegle are involved, but there are other parties
in negotiation and I really have revealed too much already.
All in all, a great day for professional sports in Minnesota!
PK Paul Kuettel Falcon Heights 4/1/03
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Eva Young Near North Minneapolis [EMAIL PROTECTED] Blog is up: http://lloydletta.blogspot.com
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