President Obama's campaign manager will be in Minnesota this week to raise money for the campaign and encourage get out the vote efforts.
Jim Messina will join DFL Congresswoman Betty McCollum and Minneapolis Mayor R.T. Rybak for a town hall and "organizing discussion" at Macalester College in St. Paul on Wednesday at 1pm. He'll be holding a similar event with Rybak and DFL Congressman Keith Ellison at the University of Minnesota at 2:30 on the same day.
Messina is also in town to raise money. A Prairie Home Companion host Garrison Keillor is hosting a fundraiser at his home for Messina.
Keillor is an independent contractor for American Public Media, Minnesota Public Radio's parent company.
clarification-- Keillor's production company, Prairie Home Productions, produces A Prairie Home Companion, which is heard on MPR and other public radio stations across the country. The program is distributed by American Public Media, sister company to Minnesota Public Radio.
Messina is also hosting a higher dollar fundraising dinner at The Lexington restaurant in St. Paul on Wednesday night.
Ramsey County businessman Mike O'Connor says he's got a plan to single-handedly revive the Arden Hills plan for the Vikings stadium.
And he's going to roll it out Monday.
"Hopefully, I've done my homework," he said of the eponymous O'Conner Plan. "But I'd prefer to answer questions about it on Monday."
There are quite a few details, though, on his website. It involves taxpayer funding for the stadium, in return for a chunk of the ancillary development proceeds and a share of the marginal value of the Vikings franchise itself.
The development piece contemplates a 15 percent annual return, which seems pretty handsome for the current real-estate market.
And although the most recent stadium bill at the Legislature has some clawback provisions regarding team value, its probably safe to say that the Vikings would have to think long and hard about splitting their capital gains with stadium funders. The team didn't respond immediately to the plan -- possibly because they're trying to finish negotiations for the plan they already have.
The O'Connor plan also contemplates a $125 million naming rights fee. That's in the same ballpark, literally, as Target Field.
The kicker is a $50 million "options credit spread" scheme, which would also return 15 percent a year (and sounds not unlike the long ago "Sausen Plan" that would have paid for the Twins' new stadium with bond arbitrage. Which might very well have worked, but for the nation's subsequent economic near-collapse)3 Comments)