The bill, which passed by a 13-11 vote, would require Minnesota voters to decide in the Sept. 10 primary election whether to tax themselves at the newsstand.
The so-called "advisory referendum" would not be legally binding--the state constitution doesn't provide for statewide referendums--but state lawmakers would recognize it.
Voters in the ballpark's host city would decide in a June 4 referendum whether to levy local restaurant, bar and hotel-motel taxes, along with parking fees, to finance the project. The bill requires the Twins to pay half the construction costs, to play in the park 30 years and to make some cheap seats available to fans.
Twins officials are concerned about the bill's requirement that the team pay $170 million towards the new stadium.
Other bills pending in the state Legislature focus on paying for the new stadium with user fees.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.