Minneapolis Lawmakers Weigh New US Bank Stadium Funding Options

State lawmakers are advancing measures that would alter how Minneapolis covers costs at US Bank Stadium and Target Field while directing support toward major golf events at Hazeltine Golf Course.

The proposals arrive as commercial property tax collections in downtown Minneapolis have fallen by upwards of 20 percent in recent years, shifting more of the burden onto residential taxpayers if no new revenue streams are created. With the Vikings playing at the publicly owned US Bank Stadium and the Twins at Target Field, local officials are examining ways to stabilize payments without increasing pressure on city residents.

Tax district expansion and payment adjustments

One bill would enlarge the existing downtown taxing district to capture additional liquor and restaurant taxes from areas such as the North Loop. Minneapolis currently maintains four separate funds tied to US Bank Stadium operations, covering state loan repayments, day-to-day expenses, maintenance and upgrades, and a general contribution to the state stadium authority. The legislation would allow the city to pause contributions to the final fund, producing annual savings of about $2 million while the city continues to pay roughly $30 million each year toward stadium obligations over the next two decades.

These changes would keep the city on track to meet its core commitments at US Bank Stadium without drawing from the general fund at previous levels. Target Field would also fall under the broader package of adjustments, though specific new allocations for the Twins venue remain under discussion.

Event investments and economic projections

The same legislation includes $7 million in state funding to secure a pair of PGA Championships and a Ryder Cup at Hazeltine Golf Course in Chaska. Organizers project those tournaments could generate upwards of $200 million in economic activity across Minnesota, with Minneapolis positioned to benefit from visitor spending and related downtown activity.

Analysts note that sustained investment in the venues helps offset earlier declines in commercial tax revenue while supporting the teams that call Minneapolis home. The measures are still moving through committee, with final votes expected before the session ends.

Residents and businesses can track updates through the Minnesota Legislature website or local council meetings scheduled in the coming weeks to see how the funding adjustments take shape before the next sports season begins.