If you’re anything like me, you prefer stories about the politics and economics of a new NFL stadium to be as simple as possible. Thus, here’s a bullet point approach aimed to bring you up to speed on the Vikings’ efforts to get a new venue.
*The Vikings are looking to build a $1.05 billion stadium in Arden Hills, located in Ramsey County. Of the $1.05 billion, $884 million would be spent on the stadium, with the rest going towards on-site infrastructure, parking and environmental cleanup.
*The Vikings are willing to contribute $407 million to the stadium (39 percent). Ramsey County will pay $350 million (33 percent). An additional $300 million will come from the state of Minnesota. (And not a penny more, the state insists.)
*Roger Goodell met with Minnesota Governor Mark Dayton on Tuesday and said that the NFL would contribute financially to the stadium’s construction. He did not specify exactly how much, though. (Details are expected in the coming days.)
*An issue that is hanging up the process is that major upgrades are needed to the surrounding roads near the stadium’s planned location. The cost of those upgrades figures to be around $100 million (the Vikings claim originally claimed it was $80 million, the state said it was $175 million. Both sides have re-assessed and agreed that it’s more like $131 million). Both sides are yet to figure out who will cover these costs, though, and Governor Dayton says that if the state contributes, it’s coming out of the firm $300 million allotment.
*Time is an issue. The Minnesota legislator adjourns their regular session Monday. An ongoing budget dispute could force a special session, which would give lawmakers more time to figure the stadium out, but that’s not a guarantee.