HF2422 Bill Summary

• Establishes Minnesota Stadium Authority as independent public body to plan, construct, finance, and operate a professional football stadium in Arden Hills with a fixed roof, approximately 65,000 seats, and related infrastructure.

• Authorizes state appropriation bonds up to $650,000,000 ($549,000,000 for stadium construction and $101,000,000 for public infrastructure), with annual general fund appropriations of $72,000,000 for debt service.

• Requires team (Minnesota Vikings) to contribute minimum $425,000,000, county to contribute $10,000,000 annually, and provides stadium lease terms of 30 years with specific performance provisions preventing team relocation.

• Authorizes electronic bingo devices and electronic pull-tab devices for lawful gambling, with specified location and operational restrictions, including linking capabilities for electronic bingo games across multiple permitted premises.

• Allocates revenue from regional sales tax to stadium infrastructure funding and transit operations, and includes property tax exemptions for stadium authority property and sales tax exemptions for stadium construction materials.