After much anticipation, Gov. Mark Dayton announced Thursday the $975 billion plan for a new Vikings stadium, to be built near the Metrodome, the Pioneer Press reported.
The money will be divided among the state, city of Minneapolis and the Vikings, each contributing $398 million, $150 million and $427 million, respectively.
The state will be expanding pull tab gambling to pay for their part. "Not a single tax dollar from the state general fund will be used for this project,'' Dayton said, according to CBS Sports.
For the city's part will come from "redirecting existing convention center and hospitality taxes," CBS Sports reported.
Dayton sees the plan as an opportunity for economic growth by creating "as many as 8,000 construction jobs, 5,000 related jobs for suppliers and others, and 2,000 permanent jobs after that," CBS sports reported.
The plan to build essentially in place of the Vikings former stadium beat out others both in Arden Hills and near the Basilica in Minneapolis.
Vikings stadium plan revealed
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