Updated: 05/07/2014 10:56 AM
Created: 05/07/2014 10:53 AM KAALtv.com
(ABC 6 NEWS) -- Organizers of Minnesota's bid for the 2018 Super Bowl say the local corporate community will cover most of the costs.
US Bank CEO Richard Davis co-chairs the bid committee. He says local corporations pledged enough to cover 75 percent of the estimated $30 million to $40 million in costs just within the first seven days of the drive.
But the co-chairs gave few details about their proposal to NFL owners, saying they don't want to give anything away to Indianapolis and New Orleans, the other cities competing for the game.
They say their proposal includes rebates that will be a fraction of the extra tax revenue the state would collect.
Organizers will make their presentation to team owners May 20, and will learn that day whether they got the bid.
Highlights from the bid include:
More than 180 hotels from throughout the region accounting for over 19,000 hotel rooms.
48 different venue options throughout Bloomington, Minneapolis and St. Paul identified for potential use during Super Bowl Week.
Practice sites for the two competing teams.
A variety of transportation options, including light rail, Park & Ride system, four airports, and eight miles of skyway.
Integration of winter festivities into a branded celebration with a Super Bowl twist in 2018, including a flagship event at the St. Paul Winter Carnival.
An NFL Legacy Program that will provide $2 million toward Minnesota charities that enhance the health, wellness and safety of children.
The Associated Press contributed to this report.