Rental Car Tax to Help Pay for Proposed Stadium in Minnesota

A tax on rental cars would provide some of the funding toward a proposed $791 million multipurpose stadium, which would replace the Metrodome in Minnesota, according to Bloomberg.

Rep. Loren Solberg is the author of the legislation, which includes a rental car tax that would generate $5.5 million.

The plan also includes a 1.5 percent surcharge on area hotels that would raise an estimated $8 million annually; a 6.875 percent surcharge on jersey purchases that would raise $16.9 million; and a sports-themed scratch-off game that would raise $5.5 million; The total amounts to $35.9 million.

The Minnesota Vikings would pay $264 million for construction costs. The remaining $527 million would be financed over 40 years with surtaxes and lottery-type games that would raise the $31.9 million needed for debt financing.

Solberg was quoted in the article as saying he wants the bill to be paid for without adding to the deficit or taking money from entities such as nursing homes, schools, roads, or hospitals.

Comment On This Story

Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.


Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Trends Moving the Truck Market

Storylines that emerged from the 2018 Work Truck Show include the increasing need for on-site productivity, inclusion of active safety systems in trucks, DPF frustrations affecting product decisions, data management, and the growing link between fleet management and company revenue.

MIT Study Reinforces the Newfound Importance of Fleet

Uber and Lyft drivers make far less when factoring vehicle expenses, though the actual numbers are now in dispute. A proper lifecycle cost analysis would’ve helped, and shows the benefit of collaboration with fleet professionals.

Job Finder: Access Top Talent. Fill Key Positions.