Breaking down the $975 million deal

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  • Updated: March 1, 2012 - 8:11 PM

 

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msfb99Mar. 1, 1210:11 PM

How is $398 off electronic pull tabs attainable? Haha

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hobie2Mar. 2, 1212:04 AM

msfb99 - "How is $398 off electronic pull tabs attainable? Haha" - well, with 1.2 million families in Minnesota and they being charitable pull tabs, and the payout ratio of 30%, each and every family in Minnesota goes down to the local charity and buys $450 worth of pull tabs. (If just under half do it, well, the rest of the MN families will have to buy $1000 worth of pull tabs each. The math is very straightforward... However, I do wonder why they didn't just say $400 million instead of $398 million- their prediction of human behavior gambling with pull tabs must be pretty good to call it under 0.5%... Or they did the old trick of using a specific number to make it look like they know what they are doing...

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twincitizen1Mar. 2, 12 1:14 AM

The $398MM from "electronic pulltabs" seems extremely unrealistic. If that is the only statewide funding stream for this deal, you can bet (pun intended) there will soon be stories about how the revenues fall short of expectations. One way or another, your taxes will go up to pay for the stadium, especially if you live in Minneapolis

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fishanhunt2Mar. 2, 12 8:37 AM

Electronic pull tabs are plan A in funding. So what is plan B for funding when pull tabs don't create enough revenue? Better think about that...

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hendr757Mar. 2, 12 9:01 AM

If they can get $398 million from electronic pullltabs why wasn't this money already being used to balance the budget?

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plecksMar. 2, 12 9:22 AM

Yeah baby! One step closer to a new Vikes stadium. Can't wait. Get 'er done.

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wayne5040Mar. 2, 12 9:51 AM

Two big elephants in the room on this One is that Dayton is paying back his union bosses so they can have a few construction jobs for a couple of years. The other is that Zygi is going to reap the profits of the taxpayers investment. Why isn't the state contribution a loan to be payed back ASAP? The NFL makes a ton of money. Why don't they loan the money to Zygi?! Also, Dayton says he is for the working people of Mn. Really?!!

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scottzMar. 2, 1210:55 AM

Electronic pulltabs will be stealing revenue from local non-profit groups who currently run paper pulltabs. This plans decides to give local charitable cabling proceeds to an out of state businessman. Is this such a good idea?

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purplehoserMar. 2, 1211:27 AM

here's the truth on the finacial "breakdown" of who pays what. City of Mpls - $350 million. Stae of Mn - $350 million. The few purple homer season ticket holders that are left $200 million through season ticket price increases and PSLs. Naming rights $75 million. Zygy Wilf $0.

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fjbarrowsMar. 2, 1211:40 AM

It's unbelievable that the writers on this site haven't hammered away at the electronic pulltab plan. Oh, wait a minute, the state will be buying the Strib parking lots. Never mind, now I understand why there's been zero objectivity with the reporting of this story.

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