Vikings stadium bill passes House

[Swabby]

Hi San Diego, just had to chime in to let you know these amendments are nothing more than posturing and bargaining chips the governor and legislative leaders have worked out with the NFL already and the team won't be going to LA until sometime around 2055 at the earliest. Final stadium deal will be signed by the gov tomorrow, Zygi will publicly wring his hands and turn out his pockets to demonstrate how he's taking the shaft and be happy to write a check for a 50% discount on his shiny new stadium and then the Minneapolis City Council will approve by a 7 to 6 vote within 30 days.

[JoeMcRugby]

Originally Posted by Swabby

Hi San Diego, just had to chime in to let you know these amendments are nothing more than posturing and bargaining chips the governor and legislative leaders have worked out with the NFL already and the team won't be going to LA until sometime around 2055 at the earliest. Final stadium deal will be signed by the gov tomorrow, Zygi will publicly wring his hands and turn out his pockets to demonstrate how he's taking the shaft and be happy to write a check for a 50% discount on his shiny new stadium and then the Minneapolis City Council will approve by a 7 to 6 vote within 30 days.

Thanks for your input.

It's hard to gauge from out here what is negotiations posturing, what is political puffing and what is a real potential roadblock.

[Strife9878]

Originally Posted by Swabby

Hi San Diego, just had to chime in to let you know these amendments are nothing more than posturing and bargaining chips the governor and legislative leaders have worked out with the NFL already and the team won't be going to LA until sometime around 2055 at the earliest. Final stadium deal will be signed by the gov tomorrow, Zygi will publicly wring his hands and turn out his pockets to demonstrate how he's taking the shaft and be happy to write a check for a 50% discount on his shiny new stadium and then the Minneapolis City Council will approve by a 7 to 6 vote within 30 days.

I understand the bargaining side of things... but LA probably will have a team very soon if SD does not get moving with things... Not sure what other teams are in a good place to move.

[charger1_sj]

Originally Posted by Strife9878

I understand the bargaining side of things... but LA probably will have a team very soon if SD does not get moving with things... Not sure what other teams are in a good place to move.

The people with the money in LA don't want to just lease out the stadium. They want a piece of the NFL franchise (a team). This is a stickly business proposition because not only do they have to find a way to finance that +1B stadium but they also have to compensate the owners of the team moving to that stadium. This is exactly why the Chargers have not yet commited to moving. Spanos wants market value for the shares he will be selling, he didn't get it. In addition part of the financing deal would give control of the stadium revenues to Majestic, the NFL balked. Lots of hurdles to clear before LA gets a team.

[WootMonkey]

Originally Posted by charger1_sj

The people with the money in LA don't want to just lease out the stadium. They want a piece of the NFL franchise (a team). This is a stickly business proposition because not only do they have to find a way to finance that +1B stadium but they also have to compensate the owners of the team moving to that stadium. This is exactly why the Chargers have not yet commited to moving. Spanos wants market value for the shares he will be selling, he didn't get it. In addition part of the financing deal would give control of the stadium revenues to Majestic, the NFL balked. Lots of hurdles to clear before LA gets a team.

According to Sirius Ziggy has the Vikings in a perfect place to sell.

We'll see.

[charger1_sj]

Originally Posted by WootMonkey

According to Sirius Ziggy has the Vikings in a perfect place to sell.

We'll see.

If they sell the whole franchise and Majestic has to build a staduim the cost is upwards of $2B. That's a big chunk of change for anybody. If the Viks only sell part of the franchise then Majestic has to give up control of the gate revenues, which they want as a way to pay for the financing of the stadium. Like I said lots of hurdles to clear and those are the ones we know about.

[Swabby]

In what must be set to background music of yakkety-sax piped through the halls of the St Paul Capital, a slew of characters are hammering out the details of the combined Senate-House bills at this very moment and in deep, super-secret proceedings as they rush from room to room...

http://www.twincities.com/vikings/ci...ce=most_viewed

Two reporters walked into a room in the State Office Building around 1:30 p.m. and saw several lawmakers having a meeting, including House Speaker Kurt Zellers and stadium conference committee members Sen. Julie Rosen and Rep. Morrie Lanning.

(we don' need no stinkin' quorum..)
Zellers said the reporters couldn't stay because it was a "private meeting" and there was "not a quorum here."

Seen in a hallway outside the room, conference committee member Sen. Bill Ingebrigtsen was asked if he was participating in the meeting, and he said yes.

A fourth conference committee member, Rep. Joe Hoppe was seen in the area of the meeting place as well.

According to House and Senate staff, quorum on a six-member conference committee is established when at least two members from each chamber are present.

So Rosen and Ingebrigtsen and Lanning and Hoppe, for example, could not all be in the same room together without establishing a quorum and constituting a meeting of the conference committee, which are open to the public under legislative rules. The same two-members-from-each-body rule applies to passing a bill out of the conference committee.

On at least two floors at the State Office Building on Wednesday afternoon, conference committee members and other lawmakers could be seen going in and out of various rooms, joined at times by Gov. Mark Dayton's staff and commissioners, consultants, city of Minneapolis representatives and others.





Meanwhile, Zygi Wilf has been circling menacingly overhead in a WWI era bi-plane and cackling loudly to those below with a megaphone.






(okay I made that last part up)

[Swabby]

6 member conference committee reportedly breaking up to convene full house and senate for vote, bill reportedly stipulates Vikings share at $477M (48.9%), original "agreement" called for something like $427M

Be interesting to see what they do to placate Zygmund, I hope it involves leaving the MLS exclusivity they pulled out in the Senate bill.

Reportedly all major players (except one) have signed off on agreement. Press has been unable to get a comment from the Vikings at this point.

[crixus]

Originally Posted by Dutch Charger

Move them to LA so we don't have to go!

The Vikings move to LA talk was a ploy to get the Minnesota stadium bill passed. So look for the bring the Chargers to LA talk to start up again.

[Raider Disliker]

It passed the Senate and the Governor signed the bill. We shall see if any dirt is turned. For all the talk of "Farmers Field" and other Los Angeles football projects, the developers appear to be "all hat and no cattle," i.e., not in a financial position to build a stadium. Biggest threat would be if a football stadium was put in the parking lot of Dodger Stadium.