The Vadnais Sports Center has sunk into a financial morass that has city leaders faced with the choice of cutting ties with the arena and defaulting on $26 million in bonds or assessing taxpayers $1 million to keep it running.

Minnesota facility may need taxpayer bailout

The Vadnais Sports Center, controversial from the start, has sunk into a financial morass that has city leaders faced with the choice of cutting ties with the arena and defaulting on $26 million in bonds or assessing taxpayers $1 million to keep it running. Revenues have fallen short of projections. Expenses have exceeded budget. And the center that officials promised Vadnais Heights residents would be able pay its own way without their help has been delinquent in remitting a year’s worth of sales taxes to the state.


Read the rest here

EPG Brand Acceleration
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.