Stadium bond sales expected Monday

  • Article by: Janet Moore , Star Tribune
  • Updated: January 25, 2014 - 12:56 AM

AA rating reflects the state’s stable, “broad-based economy.”

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reidJan. 24, 14 9:24 PM

Oh, great. The Stock Market tanks and now people won't be able to afford their Seat License or even to buy a hot dog. I wonder how many buyers Bagley can find for the bonds?

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redeye12Jan. 24, 14 9:46 PM

And what is back stopping these bonds? The taxpayers of MN. This isn't what the stadium deal was supposed to be. This is unacceptable. And unforgivable.

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whsuksJan. 24, 1410:49 PM

Whatever bank or stock and bond house that buys these bonds, will not get anymore business from me.

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jaynedrakeJan. 24, 1410:56 PM

Unbelievable what statements continue to be made. Explain "This is not what the stadium deal was supposed to be" and clarify what is 'unbelievable' and 'unacceptable'. As to selling of the bonds, plenty of people will buy them. But don't give up hope, because I have heard rumors that someone may appeal to Federal Court, or to the UN or to the International Court of Justice.

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talon_007Jan. 24, 1411:18 PM

Funny how the legislature was absolutely FLOODED by support from the people of Minnesota to get the deal to pass, yet those that oppose just refuse to understand that the PEOPLE want this Stadium built!

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kimi08Jan. 25, 1412:18 AM

@redeye12 one thing you can count on, is after the GM buyout, bondholders, traditionally the ones who are first to be paid out, mean nothing. Bonds sold in this country really should not have any A or even B rating at all after the way the current administration dismantled the traditional way of handling bankruptcy. The truly funny thing is when you compare the "stimulus package" back in 08/09 vs. stadium funding arguments. When we were talking stimulus everybody said that short term building projects were the *best* way of getting the economy going. But when you have a 3 year construction project for the vikings, now that same short term construction project has *zero* if not negative effect on the economy. Hmmm, interesting...

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nomedsJan. 25, 14 8:00 AM

The rate of return on these bonds is something like between 1% and 2%. Are people really going to buys bonds where the payout is menial. Heck my investments average 9%. It's like throwing away your money buying these bonds.

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whsuksJan. 25, 14 8:50 AM

"those that oppose just refuse to understand that the PEOPLE want this Stadium built!" ...............Another comment from somewhere outside of Pluto's orbit! A VAST majority of the City and States' residents did NOT want to use public funds for the project. Get that through your head! Why do you think they denied a vote on it?

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dcvikingsfanJan. 25, 14 8:55 AM

Whsucks a vast majority? Maybe amoung your friends but the majority of the state wants a new stadium.. oh yea and where you able to find the amount of legislatures that were removed becuase of the vote? it was 1

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whsuksJan. 25, 14 9:17 AM

"the amount of legislatures that were removed becuase of the vote? it was 1" .............I have no idea how many legislatures were booted because of their vote. I do know that Rybak, Samuels, Hofstede, Tuthill and Colvin Roy didn't come back, thank god. An outstate legislator isn't likely to be penalized for voting on taxes for a city they don't live in. I can't vote against Lanning or Rosen, but I would if I could.

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