Updated May 3, 2012 @ 6:07 p.m. ET
A vote will take place next Monday in the Minnesota House of Representatives to approve or deny funding for a Vikings stadium proposal.
Legislators said on Thursday they would drop a Republican-backed proposal to finance the $975 million stadium plan by issuing general obligation bonds tied to the state treasury. That issue was considered a sticking point for many voters in the House.
Under the existing proposal, the team and its partners would have to raise $427 million in private financing, and the remainder of the funding would come from a sales tax in the city of Minneapolis and gambling taxes collected by the state. The proposal provides for an expansion of gambling in the state, which is opposed by some lawmakers.
Minnesota Gov. Mark Dayton has supported the bill that will supply $548 million of funding for the stadium. It will be up to Dayton to round up the necessary votes within the House, according to The Associated Press.
The Vikings have been searching for public funding for a stadium before their lease on the Metrodome runs out in 2013. The new stadium plan calls for the stadium to be built on the site of the dome in downtown Minneapolis and would be set to open in 2016.
To pass the bill, there must be 68 “yes” votes in the House and 34 in the state Senate.