The bill was laid over and is to be continued.
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Back to Archives - Committee Hearings |
| SF No. 1857 | |
| Committee Hearing Date: Thursday, March 22, 2001 | |
| Committee: State and Local Government Operations | |
| Video Coverage: Financing for a new professional baseball stadium | |
| About the Bill: | |
| This proposal finances a new $300 million Minnesota Twins major league
baseball stadium. The state would provide a $100 million 20-year interest-free
loan, borrowing it from the Workers' Compensation Assigned Risk Plan. The
Twins organization and other private interests would finance $150 million.
The Metropolitan Council would provide a $40 million grant through revenue
bonds to the host city and an additional $10 million would come from sales tax
exemptions on construction materials. Senator Dean Johnson, DFL-Willmar,
sponsored Senate File 1857.
The bill was laid over and is to be continued. |