ST. PAUL, Minn. -- Minneapolis business leaders are test-marketing a stock offering
they hope could fund a new ballpark for the Minnesota Twins
The boosters are hoping to raise at least $100 million through the sale of the stock to
corporations, foundations and wealthy individuals. That would provide seed money for the
Developed by consultants to the business group New Ballpark Inc., the stock likely
would give investors part ownership of the stadium land. Some money from the offering
would be used to build the stadium and some would be reinvested in hopes of making a 6
percent return for investors.
St. Paul residents rejected financing for a ballpark in 1999.