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Vikings stadium bond sale delayed

January 12, 2014
Associated Press

MINNEAPOLIS (AP) — The state of Minnesota says it's going to delay the sale of bonds to finance the new stadium for the Minnesota Vikings.

The $468 million bond sale had been scheduled for Monday and Tuesday. But Minnesota Management and Budget says the sale won't proceed as planned because of a legal filing presented to the state attorney general's office on Friday. Federal law requires that all material information — including any pending legal actions— be disclosed when bonds are sold.

MMB says the legal questions were already dealt with earlier in the long stadium debate. But the agency says it's prudent to wait while the Supreme Court resolves the issue.

A new date for the bond sale has not been announced.

 
 

 

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