Thursday, September 15, 2011

Minnesota Vikings Could Dump Over $500 M on Stadium

If you've been in Minnesota at all during the last year and pay even a nod to sports, you know the Vikings are in negotiations with the State to build a new stadium. Currently the Vikings are in the cave of a Dome, but are looking to move out to the 'burbs, in particular Arden Hills. This move has been dubbed 'Plan A'. Clever.

As of the last public figure released, the Vikings were set to pour in $407 million in addition to any project overrun costs. The state would pick up the remainder, however the divying up of road improvement costs has remained up in the air.

Recently, however, the price tag for the Vikings has been raised to half a billion dollars. That's right; $500 million.

Another figure I heard the other day... 25% of U.S. jobs have disappeared for good, permanently. That means the job market is only 80% of what it used to be.

The bright side of spending so much to build a new stadium? An influx of the supply of jobs for local Minnesotans. Let's just hope the Vikings hire locally for as much of the work as possible. Minnesota has been a sort of 'safe spot' for the recession and it would be in society's best interest to keep it that way.

As for the money, I would look in the couch cushions...

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