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Tuesday, May 8, 2012

House approves stadium bill

The spirit of corporate welfare is alive and well. Previous claims of austerity were exaggerated.

The House bill does increase the Vikings' share of the project from previous plans from $427M to $532M, lowering the state's share to $293M, a change the team does not support, although it is unclear that it would torpedo the new stadium. The City of Minneapolis would kick in $150M.

From the StarTribune:
The Minnesota Vikings won a decisive and long-awaited political victory late Monday when the House passed a public subsidy package for a new stadium, sending the project marching toward final passage at the State Capitol. ...

The final vote came after a day of high drama and a weekend of intense lobbying by Gov. Mark Dayton and the team, and produced a relatively easy 73-to-58 approval in the House. ...

The stadium project now goes before the Senate, possibly on Tuesday, and could be ready for Dayton to sign into law by the end of the week.
(HHT: BMTN)