Event venue capital improvements funding provided, bonds issued, and money appropriated.

This bill authorizes the state of Minnesota to issue up to $100 million in bonds to fund capital improvements for specific event venues in downtown St. Paul: the RiverCentre Arena, the RiverCentre complex, and Roy Wilkins Auditorium. The funds are intended for physical upgrades such as renovating and expanding spaces, improving safety and accessibility, updating mechanical systems, and enhancing facilities for performers, athletes, and visitors. A key provision limits the use of these funds so that no more than 62.5 percent can be spent on the RiverCentre Arena, while the remaining amount covers the other two venues. The legislation also establishes the legal framework for managing the bond proceeds and outlines the types of financial agreements the state commissioner can enter into to support the project.