Legal challenge delays Vikings stadium bond sale

MINNEAPOLIS - State officials say a legal challenge from a stadium opponent has forced them to delay the sale of bonds to finance the new stadium for the Minnesota Vikings.

The $468 million bond sale had been scheduled for Monday and Tuesday.

Minnesota Management and Budget Commissioner Jim Showalter says he hopes the delay will be brief.

Minnesota Sports Facilities Authority chairwoman Michele Kelm-Helgen says a longer delay would prevent the state from paying contractors for work they've already done.

"We will be about $28 million short to pay the architect and all the Minnesota companies that have done work throughout the past month on the stadium," said Kelm-Helgen. "They are requesting payment for work they've essentially already completed."

Kelm-Helgen said that the opening of the stadium could be delayed if the lawsuit goes on for more than a couple days. She said this could jeopardize a Wells Fargo office development near the stadium.

"If we can't make good on our commitment -- potentially that entire project with Ryan Companies and Wells Fargo -- could be in jeopardy. And we are looking at jeopardizing $400 million in their investment along with the 5,000 jobs they're bringing into this community," she added.

The challenge was filed with the Minnesota Supreme Court by former Minneapolis mayoral candidate Doug Mann. He says the bond sale is unconstitutional. He says a referendum should have been held to let Minneapolis voters decide whether to finance the stadium.


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