HF1485 Summary

• Establishes Minnesota Stadium Authority to construct, finance, and operate a new NFL stadium in Minneapolis with a roof, approximately 65,000 seats (expandable to 72,000), and related infrastructure at a defined stadium site.

• Funding structure: State contribution of $293 million, city of Minneapolis contribution of $150 million (via sales tax bonds), and NFL team/private contribution of $532 million; total project cost capped with state share limit at $293 million for construction.

• Abolishes Metropolitan Sports Facilities Commission and transfers its assets, liabilities, and operations to the Minnesota Stadium Authority; requires 40-year minimum lease with NFL team including specific performance and injunctive relief provisions.

• Authorizes state appropriation bonds up to $530 million principal amount and establishes financing through Minneapolis local sales and hospitality taxes; includes backup revenue options (luxury box tax, sports lottery game, admissions tax, extended convention center taxes).

• Expands lawful gambling by authorizing electronic pull-tab games, electronic linked bingo games, and sports-themed tipboards; modifies gambling tax rates and creates new regulatory framework for electronic gambling devices and related systems.