CHICAGO Minnesota launched its search Monday for underwriters interested in working on state appropriation-backed bond issues to cover the public’s $498 million share of a new $975 million football stadium for the National Football League’s Minnesota Vikings.
The deadline for proposals is 4:30 P.M. Central Time Oct. 9. Proceeds will help finance construction, improvements, and equipping of the stadium. The state will repay $350 million of the debt with the city of Minneapolis covering the rest of the borrowing. The team will contribute $475 million.