Hennepin County Taxpayers on Track to Pay Ballpark off Early
Unlike the home team, Hennepin County's financing plan for Target Field is exceeding expectations.
Taking advantage of a stable revenue stream and low interest rates, the county has prepaid $31.3 million of variable-rate debt on the downtown ballpark, including an $11.4 million payment made earlier this month.
"The bottom line is promises made, promises kept," Minnesota Ballpark Authority executive director Dan Kenney said Friday. "We said this deal would work, and it has."
The excess payments made so far will save the county $53.7 million in interest expenses...
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