Panem Et Circenses: Minnesota Passes Half-Billion Subsidy For New Vikings Stadium
Minnesota is “committing taxpayer money to help out an industry that is very profitable and successful,” state Senator Dave Thompson told the Wall Street Journal. He calls it “a wealth transfer from the poor…and middle class to the wealthy — to Adrian Peterson.”
Peterson, of course, is the Vikings’ star running back.
ST. PAUL, Minn. (AP/The Blaze) — The Minnesota Vikings moved to within a governor’s signature of getting a new $975 million stadium on Thursday after the state Senate approved a plan that relies on $498 million taxpayers dollars.
Gov. Mark Dayton has said he’ll sign the measure, meaning the Senate’s 36-30 vote was effectively the final barrier for the stadium. The House passed it overnight.
The final deal will have Minnesota taxpayers state wide putting in $348 million, and Minneapolis taxpayers footing the bill for an additional $150 million. That’s a combined $498 million, nearly a half-billion dollars and $22 million more than the $477 million team itself is putting on the the table.
All for an extremely lucrative and profitable sports franchise that employs millionaires and is owned by billionaires and plays in what is perhaps the most profitable professional sports league in the world.
But hey, it’s economic development. Or something.Tags: Asshats, minnesota vikings, subsidies