HF2995 Summary

• Establishes Minnesota Stadium Authority as independent public body to develop, finance, and manage new NFL stadium in Arden Hills with approximately 65,000 seats, expandable to 72,000, with fixed or retractable roof.

• Authorizes state appropriation bonds up to $650 million for stadium construction; requires NFL team private contribution of at least $425 million and 30-year lease agreement with specific performance and injunctive relief provisions to keep team in Minnesota.

• Creates local revenue sources including 3% surcharge on tickets, 3% tax on food/beverage/lodging at stadium area, parking revenue, and sales tax growth; requires $270 million in present value deposited to general fund by 2046.

• Abolishes Metropolitan Sports Facilities Commission and transfers assets/liabilities to Stadium Authority; authorizes sale of Metrodome property with proceeds to general fund.

• Authorizes electronic pull-tab devices and electronic bingo games as lawful gambling, with new regulatory requirements; appropriates funding for Gambling Control Board oversight and compulsive gambling treatment programs.