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Opinion: Commissioner refutes 'myths' about proposed Vikings stadium - Your local online newspaper: News

May 26, 2015, 8:28pm

Opinion: Commissioner refutes 'myths' about proposed Vikings stadium

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Posted: Wednesday, August 10, 2011 12:00 am

The Minnesota Vikings have been engaged in seeking a new stadium for nearly a decade. During that time, Minnesotans have expressed a desire to keep the team here, but a stadium solution has been elusive.

In May, the Vikings announced a partnership with Ramsey County that would build a new state-of-the-art stadium on land once used by the military for the Twin Cities Army Ammunition Plant (TCAAP). This is a 430-acre site located near two of the Twin Cities major freeways  — Interstates 35W and 694.

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13 comments:

  • anonymous posted at 9:25 am on Sun, Aug 14, 2011.

    anonymous Posts: 0

    This is North Stars all over again...that part of the populace that is against urban development and in favor of supporting social programs or another hiking trail has managed to keep this discussion alive with fear mongering. Go ahead, let the Vikings leave and you can add "rinky dink" to dinky town...and that's exactly what they want. Take Minnesota off the national stage and allow us to become as economically irrelevant as South Dakota.

     
  • anonymous posted at 6:21 am on Sat, Aug 13, 2011.

    anonymous Posts: 0

    get er done

     
  • anonymous posted at 10:36 am on Fri, Aug 12, 2011.

    anonymous Posts: 0

    Funny how all we hear is "no new taxes" period from the Tea Party types. But for a new Vikes Stadium, " sure, what's a billion dollars?" Then they tell you it's a job creator which is what they demonize democrats for saying every other time. Build it, don't build it, who cares? Point being, it's all divisive jibberish and beyond our control. Mr. Truth doesn't think we belong here anyway...

     
  • anonymous posted at 1:59 pm on Thu, Aug 11, 2011.

    anonymous Posts: 0

    Mr. Bennett fails to mention one fact that is not a myth. Ramsey County will have to pony up over $350 million up front as its “share” of the over $1 billon Vikings stadium cost. Think of this as a $350 million “mortgage” on the stadium to be paid over 30 years. The principal and interest over this time will amount to over $650 million The debt will be serviced by a 30 year 0.5% sales tax only on Ramsey County. No referendum will be held for the imposition of this tax because Mr. Bennett has said there is “no time.” Excuse me! If Ramsey County is to be burdened with that kind of debt, we should “make time” and Ramsey County voters should have a voice. Mr. Bennett says the tax will amount to only a nickel on a $10 purchase. True. However, it is projected that the tax will reap initially about $25 million/year. That’s a lot of nickels coming from the pockets of Ramsey County citizenry in the support of a private enterprise.

     
  • anonymous posted at 6:10 am on Thu, Aug 11, 2011.

    anonymous Posts: 0

    How about this...everyone who lives in Ramsy County and doesn't want to pay the .5% sales tax can MOVE!!!!! You don't belong in Minnesota anyways. Id much rather keep the Vikings than you CHEAP folks.

     
  • anonymous posted at 9:37 am on Wed, Aug 10, 2011.

    anonymous Posts: 0

    Because that wouldn't support their argument that if we don't build a stadium we will magically have a balanced budget and those schools will be able to re-open and we won't be "giving charity to billionaires" because Lord know's there's 60,000 plus billionaires sitting in the stands to watch the games.

     
  • anonymous posted at 7:26 am on Wed, Aug 10, 2011.

    anonymous Posts: 0

    How is Ramsy County the "landlord" when the Vikings would be paying 40% THE MAJORITY of the cost?

     
  • anonymous posted at 7:24 am on Wed, Aug 10, 2011.

    anonymous Posts: 0

    How come no one mentions all the tax money that will be lost once the Vikings are forced to move and about 40 multi-millioniares will be vanashed from the area

     
  • posted at 6:43 am on Wed, Aug 10, 2011.

    Posts:

    Notice how he forgot to mention the $1.5 million (adjusted for inflation each year) that Ramsey County has to PAY to the Vikings to operate the stadium. Since when does the "Landlord" pay the "Renter"?

     
  • anonymous posted at 6:11 am on Wed, Aug 10, 2011.

    anonymous Posts: 0

    mo b s

     
  • anonymous posted at 6:10 am on Wed, Aug 10, 2011.

    anonymous Posts: 0

    So what? First, let's see a balance sheet with the team's profits on one side, and the public's risk on the other. These "studies" (ie "myth 6") talk about inflow cash, but not outflow -- where exactly is this imaginary value being generated? One has to imagine that there is some lopsidedness between the millions spent on a single private venture's interests and the number of extra hamburgers sold to visiting fans (unless they're really really hungry.

     
  • anonymous posted at 5:54 am on Wed, Aug 10, 2011.

    anonymous Posts: 0

    Bottom line: economists who are not paid by stadium supporters, across 4 decades and numerous metropolitan areas, say stadiums are at best revenue neutral and at worst negative. Ramsey County taxpayers will not see net positive return on investment. This is welfare for the rich, at best, and extortion by the rich, at worst.

     
  • anonymous posted at 5:09 am on Wed, Aug 10, 2011.

    anonymous Posts: 0

    benefits or no benefits.... spending that amount on a new stadium when we have one that could use updating is irresponsible (during such an economic downturn) and asinine. the overly glorified "economic impact" while it WILL have an impact, is not necessarily a GOOD one, beyond $$$$.a few weeks ago i saw an artists rendition of what the stadium may look like, and above it is said "1.2 billion dollar stadium!"in the lower left of the front page, as a side note, the paper said:"due to a budget crisis, Minneapolis School district must close 4 schools".budget crisis? new stadium? hypocrisy?lets use the "quality of life improves with jobs" argument.... so this will create a whole lot of skilled, yet UNEDUCATED labor jobs, and once completed, will create a whole lot of UNEDUCATED service jobs. so we close schools, tell kids, "hey, get a job over at the new stadium once you drop out of a public school that is filled with books that have 30% incorrect information in them! "great. our children can aspire to be pretzle vendors. yes, because that makes our states/country economic future so bright, doesn't it?its like watching Rome fall.... Build the colloseum! the mob must have their entertainment!

     

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