User ID
Password
  Forgot User ID
or Register Today!
VegasInsider.com
Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ VI Mobile Scores and Betting Odds
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Golf
Auto Racing
Horses
More
Betting Tools

 
Court delays Vikings stadium bond sale

New Sportsbook.ag customers: Make your 1st bet, get your 2nd bet free, 100%, winnings paid in cash.
Join Now

Already have an account? Click here to view new Exclusive Rewards!

MINNEAPOLIS (AP) - A legal challenge has forced the state to delay a $468 million bond sale to finance the new stadium for the Minnesota Vikings, state officials announced Sunday, saying the lawsuit jeopardizes plans to open the facility for the 2016 season as well as a nearby $400 million development.

Advertisement
The bond sale had been scheduled for Monday and Tuesday. Minnesota Management and Budget Commissioner Jim Showalter said Sunday that he hoped the delay would be brief but that officials decided it was ''appropriate and prudent'' to postpone the sale until the Minnesota Supreme Court can sort out the legal issues.

Federal law requires that all material information - including any pending legal actions - be disclosed when bonds are sold, Showalter noted.

The bonds must be sold ahead of the Jan. 23 closing date for land near the new stadium in downtown Minneapolis, said Michele Kelm-Helgen, chairwoman of the Minnesota Sports Facilities Authority. Otherwise, she said, the state won't have money to pay bills coming due for architects and other contractors for work they've already done, the Vikings might have to play for a third season at TCF Bank Stadium at the University of Minnesota because of construction delays, and the entire Wells Fargo/Ryan Cos. office tower-housing-retail development known as Downtown East could be jeopardized.

The challenge was filed with the Minnesota Supreme Court on Friday by former Minneapolis mayoral candidate Doug Mann. He told The Associated Press on Sunday that he believes the bond sale is unconstitutional and that a referendum should have been held to let Minneapolis voters decide whether to finance the stadium. He said it's one of two legal actions he filed late last week after a Hennepin County judge dismissed his earlier challenge in November.

''I'm opposed to this financing being done in ways that are illegal,'' Mann said.

Mann drew 779 first-choice votes in the city's mayoral election in November, which was the city's first use of ranked-choice voting.

AP NEWS
The Associated Press News Service

Copyright 2014
The Associated Press
All Rights Reserved

  
HEADLINES
Mejia: Week 2 Preseason Notes - NFC
Lawrence: 2014 AFC Season Preview
Mejia: Week 2 Preseason Notes - AFC
ASA: NFC North Notebook
ASA: NFC South Notebook
Marshall: Philadelphia Hype
Rogers: AFC North Preview
Browns tab Hoyer as starting QB
Cowboys worth more than $3 billion
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
NFL Pro Football Handicapper Sports Picks Records
NFL Hot Streaks
9-3 L12 Picks, 73 % +1,083 TY
3-0 L3 G-Plays, 6-1 L7 Picks
5-0 L5 Guaranteed Plays
4-0 Preseason Record
5-1 Picks This Season
4-1 L5, 7-3 This Year
4-0 NFL Guarantees TY
NFL Pro Football Expert Sports Picks-
2014 NFL SEASON PICK RECORDS
Money Leaders
Handicapper Money
Antony Dinero + 1083
Bruce Marshall + 570
Marc Lawrence + 400
Last Week's Leaders
Handicapper Money
Antony Dinero + 558
Bruce Marshall + 390
Marc Lawrence + 300
Percentage Leaders
Handicapper Pct
Marc Lawrence 100 %
Kyle Hunter 100 %
ASA 83 %
Guaranteed Leaders
Handicapper Money
Antony Dinero + 455
The Gold Sheet + 400
Scott Pritchard + 390
Over-Under Leaders
Handicapper Money
Antony Dinero + 785
ASA + 200
Bruce Marshall + 200
Member Leaders
Handicapper Money
Bruce Marshall + 295
Doc's Sports + 290
John Fisher + 275
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!