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State Still Needs to Issue Bonds to Help Pay for the New Vikings Stadium

Updated: 01/23/2014 6:46 PM
Created: 01/23/2014 5:06 PM KSTP.com
By: Cassie Hart

A lot of positive feedback is coming in Thursday on the progress of the new Vikings stadium as the Metrodome comes down. That was the focus of the latest Minnesota Sports Facilities meeting.

The chair of the Minnesota Sports Facilities Authority spoke at the meeting about the bonds that can be issued anytime now, " I've been told they were teed up for it. I don't know what they were looking at," Michele Kelm-Helgen of the Minnesota sports facilities said.

So -- not a lot of answers.

The bonds will help pay for construction of the new stadium.

The state can move forward with issuing the bonds now that a Minnesota Supreme Court judge tossed out the lawsuit delaying the sales this week.

The state is selling $468-million in bonds to finance the public portion of the projects.

"We are going to start seeing progress very quickly and we're going to see a real structure," Sen. Julie Rosen of Fairmont said.


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