HF2810 Bill Summary

• Establishes Minnesota Stadium Authority as a public body to design, construct, finance, and operate a new NFL stadium in Minneapolis with a roof, located at the current stadium site; abolishes the Metropolitan Sports Facilities Commission and transfers its assets/obligations to the Authority.

• Authorizes $548 million in state appropriation bonds (up to $650 million total outstanding) to finance stadium construction; repayment is contingent on legislative appropriations from general fund revenues, not a pledge of state's full faith and credit.

• NFL team contribution of $427 million minimum in cash and stadium builder license proceeds; team must play all home games at the stadium for 30 years with specific performance and injunctive relief provisions enforceable in court if breached.

• Allows Minneapolis to collect local sales taxes through 2046 (0.5% general sales tax plus liquor/lodging/restaurant taxes) with revenues allocated to state bond debt service, stadium operating costs, capital improvements, and NFL team repayment of advances.

• Authorizes new gambling products including electronic pull-tab devices, electronic linked bingo games, and sports-themed tipboards; modifies gambling tax rates and allows backup revenue options (luxury box tax, sports lottery game, excess Hennepin County tax, admissions tax) if gambling revenues fall short.