A commenter named Rossberg has broken down the flaws in the House’s Vikings stadium debt payment funding deal with charities that was cut over the weekend:
So, the charities get $36 million a year in tax relief? That’s a little more than a billion dollars over the next 30 years. Good for them. But wasn’t that billion dollars originally destined for the General Fund? Essentially they’ve negotiated away a billion dollars in tax relief in order to get a shot at raising a billion dollars for the stadium and now want to potentially grab money from the Twins tax in case their plan doesn’t work. So how is this a good deal for the public who will ultimately have to make up the billion dollar General Fund shortfall?
It’s only money. Money that could go toward state needs rather than Zygi Wilf’s wants.