ST. PAUL -- The state budget office confirmed Thursday that the sale of $498 million in public bonds for the new Minnesota Vikings stadium will be put off till January.
The bonds were to have been sold in November, but delays in setting a guaranteed maximum price for the project meant budget officials had to put off the bond sale.
The delay won't affect the construction timetable for the $975 million stadium, nor is it expected to increase financing costs, state officials have said.
The Minnesota Sports Facilities Authority is scheduled to meet today to approve the guaranteed maximum price for construction, and groundbreaking on the stadium is set for Dec. 3. It is set to open on the current site of the Metrodome in downtown Minneapolis in July 2016.
The state and city of Minneapolis are putting in $498 million for the new stadium, and the team is contributing $477 million.
