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Fans and Laborers line the halls of the House - Photo: Aj Mansour (KFAN)
By: Aj Mansour | KFAN.com
*NOTE - The Bill surfaces but quickly disappeared...more changes are likely.
St. Paul, MN - After a long day of private meetings behind closed doors at the State Capitol, the Stadium Bill Conference Committee has adjourned and the final version of the bill has been presented.
Representatives from the Minnesota Vikings and the appointed members from the House and Senate spent almost the entire day wheeling and dealing with the differing amendments, seeking acceptable language that was agreed upon by all parties involved. When the final bill surfaced at 9pm Wednesday night, it was vastly different from the original bill that was presented Monday and Tuesday to the House and Senate floors.
One of the main points of contention coming from the final bill will be the funding. In this new form the Vikings will contribute $477M to the total cost while the State & City will pitch in $498M. The team would also get the naming rights and have rights to bring in an MLS soccer team during the first five years of the lease.
Also making it's way onto the final bill is the aptly dubbed "Clawback" provision which would protect the public's investment should the owners choose to sell the team. The provision calls for Vikings to pay back public 25% of profit on sale of the team if it happens in first 10 years of lease, 15% years 11-15; 10% years 16-20.
*More updates on the final bill specifics to come throughout the night.
Now that the bill has been finalized by the Conference Committee, the finished version of the bill will head to both chambers for one more session. The bill is absolute and there will be no more amendments offered, only a set of pleas by interested parties and then the final vote.
The House is expected to pick up discussions on the bill tonight and will be aiming for a vote to be placed by the 6:59am deadline, Thursday morning. If the bill passes the House floor it will move to the Senate for their vote, the final step before being adopted as law (or vetoed) by Governor Dayton. If the bill cannot pass from the House and the Senate before tomorrow morning, the chambers will have until 6:59am on Friday to come to a resolution.
Whoo...It's been a long and interesting week but the end truly is in sight.
Aj Mansour covers Minnesota Sports for KFAN.com. Feel free to leave comments and questions regarding this post in the space provided below. For Vikings' updates and breaking Vikings' news, follow Aj on Twitter. @AjMansourKFAN