Stribber Rochelle Olson reports, “The U.S. Bank Stadium reserve fund has swelled so much that the state could pay off the bonds for the six-year-old building in the spring — 20 years ahead of schedule. The reserve fund will hit $368 million by the end of June, according to this week’s projections from Minnesota Management and Budget (MMB). … ‘There’s no question there’s a benefit to refinancing or paying off those bonds, and if we’re not going to do it with a surplus of this size, we’re never going to do it,’ incoming DFL Assistant Senate Majority Leader Nick Frentz of North Mankato said Wednesday.”
At BringMeTheNews Tommy Wiita says, “A Minnesota vaping company called a lawsuit filed by the Board of Pharmacy over its sale of edible THC products ‘overzealous,’ and slammed the department for citing a person’s death in its press conference that has no correlation to products it sells. During a press conference announcing a lawsuit against Northland Vapor and Wonky Confections on Monday, the Minnesota Board of Pharmacy said that one of the 46 complaints it had received regarding its THC products mentioned the death of a 23-year-old West Virginia man who had bought some of the gummies. However, Board of Pharmacy Executive Director Jill Phillips acknowledged that the FDA ‘has not determined that the products caused the death.’”
At the Pioneer Press, Josh Verges writes, “St. Paul Public Schools students would be in class on Election Day but not on Yom Kippur, Rosh Hashana or Eid al-Fitr under a calendar recommendation submitted Tuesday night to the school board. The proposed recognition of important Jewish and Muslim holy days comes in response to the board’s call to find ‘ways to be more inclusive’ with the calendar, Superintendent Joe Gothard said.”
Stribber Susan Du says, “Households and businesses within a six-block area that had their water service disrupted since Monday night will no longer have to boil their water before consuming it, the city announced Wednesday afternoon. Bacterial testing following a large water main break in north Minneapolis came up clean.”
A story by Danny Schmidt for KOMO-TV in Seattle says, “Redfin expects home prices in the United States to decline for the first time in a decade in 2023. The Seattle-based real estate brokerage released its 12 predictions for 2023, and said it anticipates fewer home sales in 2023 than there were in 2022, which would mark the first year-over-year decline in a decade as home sales could fall to their lowest level since 2011. Mortgage rates will continue to decrease and sit under 6% by the end of 2023, Redfin predicted.”
This from KSTP-TV, “Authorities are now offering a reward for information that helps wrap up a Minneapolis apartment fire investigation. Wednesday, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and local fire officials announced a reward of up to $5,000 as they continue to investigate the fire at a south Minneapolis apartment complex on Saturday.”
At KARE-TV Samantha Fischer says, “What do pilates, n95 masks, capybaras and a salad made famous by actor Jennifer Aniston have in common? They’re all among the top Google searches of 2022 for people living in the Twin Cities. According to Google’s year-end report, Local Year in Search 2022, the top trending ‘near me’ search was ‘n95 masks,’ the top animal search was the capybara, the top recipe search was ‘Jennifer Aniston salad,’ and the most-searched-for genre of music was ‘rap.’”
For ultimateclassicrock.com Cory Irwin writes, “According to Bob Dylan’s former touring guitarist, there’s a specific signal the rock legend uses when he doesn’t want to be spoken to. Billy Burnette toured with Dylan in 2003, accompanying the icon as he trekked through Australia and New Zealand. ‘It was a big thrill,’ Burnette recalled of the experience during a recent conversation with Rolling Stone. ‘I remember at the first day of rehearsal, Dylan picks up his acoustic guitar. He goes, ‘This is my thing.’ I go, ‘You’re right about that.’ Even though Burnette got along well with Dylan, he soon learned when the singer-songwriter was not to be approached – namely, when he put a hood over his head.”
When you have to add false and misleading information in your lawsuit it indicates that even you don’t think your case has much merit. If you want to investigate a drug that’s killing people lets take a good hard look at the real gateway drug:
alcohol. Over 140,000 a year….
I can’t even imagine how many THC gummies it would take to kill someone, as there are ZERO recorded instances of death by THC.
Pay the stadium off early, saves money long term. Would do same for other appropriate infrastructure bonding. With the increase in bond prices inflation makes the bonds less attractive to investors, easier to get off the books.
There’s a way to collect almost $400 million dollars? Who knew?
A big chunk of the cost of the U.S, Bank stadium was funded by the city of Minneapolis. What happens to that debt in today’s environment? Would we Minneapolitans have to keep on paying for that venue?
The purpose of bonding is to have the people who benefit for the services pay for the services over a period of time. Why put the stadium on the taxpayers of today, when it is a long term asset (and benefit to the people)?
“The People’s Stadium” and Mark Dayton told us. If the funds that were supposed to fund the stadium are in hand, yes, the state’s part of the agreement, should be paid off.
Where do the funds from online gaming go after that?
Should Minneapolis have to continue to pay off there portion? You betcha. Should they get bailed out by the state? No.