Vikings Stadium Bond Issue Delayed After Legal Challenge
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Minnesota postponed a $468 million bond sale planned for this week to help finance a new stadium for the National Football League’s Vikings after local residents filed a court challenge.
No new date has been set for the offering, Minnesota Management & Budget Commissioner Jim Schowalter said in a statement yesterday. Minneapolis residents, including Doug Mann, a former candidate for mayor, said in a petition to the state supreme court that the bonds that would help finance the stadium aren’t valid without the city’s contribution to debt-service payments.