Purpose of the Bill

The goal of this bill is to allocate funding for the renovation and improvement of the Aldrich Arena located in Ramsey County, Minnesota. The upgrades aim to develop the arena into a more versatile venue capable of hosting regional and statewide events.

Main Provisions

• Appropriation of Funds: The bill proposes appropriating $6,500,000 from the state's bond proceeds fund. These funds are intended to be used for the predesign, design, and construction work necessary to update and improve the Aldrich Arena's facilities and sites.

• Role of the Commissioner: The commissioner of employment and economic development is tasked with overseeing the grant that will be provided to Ramsey County. This ensures the proper use of funds for the arena's renovation.

Significant Changes to Existing Law

• Issuance of State Bonds: The bill authorizes the commissioner of management and budget to sell and issue state bonds up to the amount of $6,500,000. This action will finance the renovation project according to defined procedures in the Minnesota Statutes and Constitution.

Relevant Terms

• Capital investment
• Bond proceeds fund
• Ramsey County
• Event center reno
• State bonds
• Aldrich Arena renovation