Proposed State Gaming Facility To Help Fund Vikings Stadium?

By KBJR News 1

February 9, 2012 Updated Feb 9, 2012 at 10:47 PM CDT

Minneapolis, MN (Northland's NewsCenter) -- If the location of a new Vikings stadium isn't the biggest debate, how to pay for it might be.

A proposed new casino in the heart of downtown Minneapolis is one way developers hope to create new revenue to fund the stadium as well as bring more life to downtown Minneapolis.

An estimated $105 million dollars in additional revenues would be generated each year from this proposed state gaming facility.

"And people is the answer because we need to add safety and get people comfortable. Whether or not they're coming from Long Prairie or Duluth or Minot, how do we get people to want to come to downtown Minneapolis," said Bob Lux of ALATUS LLC.

Over the next 60 to 90 days the legislature is expected to consider the proposal.

If it is not approved, developers say they'll use the space for offices and perhaps additional restaurants.

There has been some concern about an adverse impact on tribal gaming facilities across the state but the developers say the only casino expected to see less business as a result of these plans is Mystic Lake.