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View Full Version : Stadium commission spins Vikings plan around the state



NodakPaul
11-19-2007, 03:55 PM
I searched, but didn't see this article.

http://www.minnpost.com/jayweiner/2007/11/08/49/stadium_commission_spins_vikings_plan_around_the_state

Here are some very interesting quotes from the article:


What's new and even intriguing in this Vikes' discussion is a 22-page report that the commission released Wednesday. The data therein have the potential to challenge key assumptions on which government entity should help fund such a project ... allowing, as in every other recent case, the public eventually pays and/or finances these sports palaces.

This time, on funding, though, think state, the whole state and nothing but the state.


The report reveals that since 1982, the Metrodome -- which cost, in today's dollars, about $190 million to build -- has generated more than $234 million for the state general fund through Twins, Vikings and Gophers sales taxes, liquor taxes and income taxes. (This is only activity in the Dome, and not some cockamamie surrounding "economic impact.") Through those 25 years, the state has contributed nothing to the Dome's costs of construction or operations.

Zilch.


One other big number: 63.

That was the share that Channel 9 had of viewers for the Vikings' game two weeks ago. Of all Twin Cities TV viewers, 63 percent watched the Vikings play. In this day of zoned news, niche Web sites and bowling alone, the Vikings are as close to a statewide campfire as we get.

Purple Floyd
11-19-2007, 06:39 PM
"NodakPaul" wrote:


I searched, but didn't see this article.

http://www.minnpost.com/jayweiner/2007/11/08/49/stadium_commission_spins_vikings_plan_around_the_state

Here are some very interesting quotes from the article:


What's new and even intriguing in this Vikes' discussion is a 22-page report that the commission released Wednesday. The data therein have the potential to challenge key assumptions on which government entity should help fund such a project ... allowing, as in every other recent case, the public eventually pays and/or finances these sports palaces.

This time, on funding, though, think state, the whole state and nothing but the state.


The report reveals that since 1982, the Metrodome -- me tawhich cost, in today's dollars, about $190 million to build -- has generated more than $234 million for the state general fund through Twins, Vikings and Gophers sales taxes, liquor taxes and incoxes. (This is only activity in the Dome, and not some cockamamie surrounding "economic impact.") Through those 25 years, the state has contributed nothing to the Dome's costs of construction or operations.

Zilch.


One other big number: 63.

That was the share that Channel 9 had of viewers for the Vikings' game two weeks ago. Of all Twin Cities TV viewers, 63 percent watched the Vikings play. In this day of zoned news, niche Web sites and bowling alone, the Vikings are as close to a statewide campfire as we get.


That seems a little depressing.

The facility made 234 million in taxes raised from 3 sports who now will all have their own facilities,so those taxes will be spread over 3 facilities instead of one and you have one 190 million dollar adjusted stadium being replaced by 3 which will probably come in at 1.7 -2.0 billion.

Did they provide a pie chart that would explain how much additional revenue they need to make those models work? They always seem to be a little vague when they are projecting how much revenue they are going to need to offset the costs of all of these new facilities.

singersp
11-19-2007, 06:46 PM
"NodakPaul" wrote:



I searched, but didn't see this article.



I saw it over a week ago, but didn't post it since it was written by some Weiner.

:P

COJOMAY
11-23-2007, 07:29 PM
http://www.startribune.com/blogs/vikings/
Love this comment by Kevin Seifert in the Star/Tribune

Of all the local teams (this side of the river) who either have publicly-subsidized arena/stadiums, are getting public money for stadiums under construction or are seeking public money for new stadiums, the Vikings are the only team that hasn’t traded away or otherwise bid farewell to its its top players (AND PAYROLL) in the calendar year 2007. They’re also the only football team that is either getting public money for a stadium or is seeking public money for a stadium that has won more than one game this season.

End mini-rant on subsidy hypocrisy in the Twin Cities.

Purple Floyd
11-23-2007, 11:21 PM
"COJOMAY" wrote:


http://www.startribune.com/blogs/vikings/
Love this comment by Kevin Seifert in the Star/Tribune

Of all the local teams (this side of the river) who either have publicly-subsidized arena/stadiums, are getting public money for stadiums under construction or are seeking public money for new stadiums, the Vikings are the only team that hasn’t traded away or otherwise bid farewell to its its top players (AND PAYROLL) in the calendar year 2007. They’re also the only football team that is either getting public money for a stadium or is seeking public money for a stadium that has won more than one game this season.

End mini-rant on subsidy hypocrisy in the Twin Cities.


You are right. They did it 2 or 3 years ago