Vikings stadium to be built in Minneapolis will need to look at other sources of funding after the state's highest court dismissed a challenge their plans. Minnesota Supreme Court struck down an opponent’s effort to block financing a new stadium. According to Minnesota Public Radio on Jan. 22, a former mayoral candidate tried to twice to stop the project.
Stadium opponent Doug Mann’s plea to the Minnesota Supreme Court earlier this month was the legal equivalent of a Hail Mary pass — a last minute, long shot attempt to beat the Vikings in court.
Vikings stadium construction bills have mounted to $18 million due by month end. Builders had expected to have $500 million available to them by now. A bond sale that would have delivered the needed funding was blocked by the court challenge. Since the developers will not be closing on the property known as Downtown East, they have some of the money due in hand. With $15 million in the bank, they will still need to close the gap quickly.
The new Vikings stadium project ground breaking is expected to happen in April. The entire project is due to be online by 2016. Mann could petition the court to review their ruling, but that is not expected to happen at this point.
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