The bill also has the influential support of Senate Majority Leader Roger Moe. The team's owners would be required to repay the loan within 20 years. The legislation would require economic reform by Major League Baseball, including true revenue-sharing, and calls for an impartial three-judge panel to determine if Major League Baseball has accomplished the necessary reforms to benefit smaller-market teams.
The plan is neutral as to where the stadium is built, and anticipates a competition between the cities of Minneapolis and St. Paul, each of which would like to be home to the ballpark. The new bill calls for $150 million initial investment by the Twins and other private sources.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
