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ENVIRONMENT • The project will dramatically accelerate the redevelopment and revitalization of the largest Superfund site in the state. The project will also transform a grossly underutilized site into a productive site that will create jobs and economic activity. • Road improvements around the stadium site will decrease traffic congestion, thereby improving air quality. • Modern environmental design principles will be followed in construction of the stadium. OTHER PUBLIC BENEFITS • The stadium will be publicly owned and available for high school /amateur sports and other community events. • Improvements to the state highways and interstates serving the site are long- overdue and needed with or without a stadium. • The stadium parking lot may be used year -round for multiple public uses, including park and ride facilities and recreation. • A multi- purpose, year -round facility will allow the Twin Cities to continue to host events — such as the Super Bowl — and visitors from across Minnesota and beyond. PUBLIC SAFEGUARDS • The stadium will be owned and controlled by a 5- member public stadium authority. • The Vikings will operate and maintain the facility and pay approximately 90% of operating and maintenance expenses. • The Vikings will cover all cost overruns on construction and a portion of any cost overruns on land acquisition and remediation. • There is a profit- sharing agreement if the team is sold within 10 years. • The Vikings will commit to a 30 -year lease and pay for all municipal services, including police, traffic, fire, trash removal, etc. The lease will have no early termination provisions and will not allow the Vikings to relocate. SALES TAX COMPARISONS Even with a half -cent sales tax to fund stadium development, it will still be cheaper to buy a hamburger and cup of coffee in St. Paul than it already is in Minneapolis. The sales tax increase is equivalent to a nickel on a $10 purchase. The rate comparison: • Minneapolis: 10.775% (with food and beverage tax, current) • St. Paul: 8.125% (with proposed % cent stadium tax) • Suburban Ramsey County: 7.625% (with proposed %] cent stadium tax) • Suburban Hennepin County: 7.275% (current) Prepared by Ramsey County, May 2011