"Ramsey County's third stab at a financing plan for a Minnesota Vikings stadium in Arden Hills relies on revenue from parking lot naming rights, parking fees, an admissions surcharge, stadium sales taxes and taxes collected on ancillary developments.
The proposal, projected to raise $20.6 million per year from the assortment of user fees, comes as stadium supporters rush to cobble together a workable plan for the legislative session and as funding concepts proposed by Minneapolis and state officials appear to be faltering.
Ramsey County Board Chairman Rafael Ortega's name appears on an unsigned "final draft" of a letter that is expected to be submitted to Gov. Mark Dayton and legislative sponsors Friday. Unlike previous county proposals, the new one doesn't rely on countywide sales, liquor or food tax increases.
The new Ramsey County ideas add to a stadium financing puzzle that seems to get more complicated by the day.
Only last week, the news that electronic pulltabs could generate $72 million annually to help pay the state's share of a new stadium was hailed as major progress. Officials now question whether that is enough to satisfy bond houses wary of gambling revenues.
Early Thursday, Minneapolis officials confirmed that the city's stadium funding plan may fall $55 million short.
With the state and a local funding partner expected to raise at least $650 million for a stadium, finding a way to pay for the project is proving as vexing as selecting a site.
Although the Vikings have repeatedly said they prefer the Arden Hills site, user-fee proposals such as Ramsey County's haven't been well-received elsewhere by team owners seeking to reap new revenue for their operations. Vikings Vice President Lester Bagley didn't respond to inquiries late Thursday."