Legislative Session number- 87

Bill Name: SF2127

1E Relating to economic development; assisting the Minnesota Vikings in securing
financing to build a privately owned, privately operated stadium as a venue for
professional football; issuing revenue bonds secured by and to be repaid with
revenues generated by user fees associated with attending games and events at
the stadium; providing incentives for businesses to make contributions toward
the expenses of constructing a stadium through reductions to the state and
general levy property tax and by exempting construction materials used in
construction of the stadium from sales taxes; requiring the stadium be located
in Minnesota; requiring the Minnesota Vikings to repay the financing and play
all home games in the stadium until repayment of the bonds
(je)