ST. PAUL, Minn. Posted 3:32 p.m. February 26, 1998 -- The state won't be getting involved in a public buyout of the Minnesota Twins anytime soon.

A House committee today rejected a plan to let the state loan money to a charitable foundation to buy the team and then sell stock to the public.

Representative Phyllis Kahn says her community ownership plan would've kept the Twins in Minnesota without requiring a new stadium right away.

But opponents said the state doesn't belong in the sports business.

Kahn says the defeat means community ownership is likely dead for the session.