You see, the bill provided for financing different than Michel’s bill, which would have sold part of the University’s soul to TCF, the savings and loan reborn as a real bank. Here’s MPR’s description:
The Senate's bill would have the state pay nearly $13 million a year. That would come from a 13 percent sports memorabilia tax, which will be passed in a separate bill. It also requires that the stadium have the name Veteran's Memorial Stadium instead of a corporate moniker. Student fees couldn't be used toward construction. The House version would have the state chip in up to $9.4 million a year. It didn't specify where that money would come from. In addition, the state would gain access to 2,840 acres of university-owned property in Dakota County that is considered an environmental gem.
So, you have to ask yourselves, boys and girls, does Michel want the Gophers to play on-campus, or does he really only want TCF to get the glory?
Bi-partisan, indeed.
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