Hennepin County On Track To Pay Off Target Field Early
Minneapolis, MN (Learfield) -- The revenue from the ballpark sales tax has been healthier than expected, while Hennepin County has managed to lower the interest rate it is paying on the debt for Target Field.
That's why the county is on pace to pay off the 675-million dollars it spent on the new home for the Minnesota Twins 10 years early. The county had planned to satisfy that debt by the year 2037, but it now expects to have it off the books by 2027.
One of the three series of bonds was paid off last November, 21 years before its due date.