St. Paul, MN (Northland's NewsCenter) --- An agreement has been reached concerning the proposed Vikings Stadium in Minneapolis.
The new stadium will be built right next to the Metrodome in downtown Minneapolis. Under this agreement, the Vikings will pay $427 million of the expected $975 million. The city of Minneapolis and the state of Minnesota will pay the rest of the amount, however no General Fund tax revenues will be used to pay for the stadium.
In a news conference with legislative leaders and Vikings owner Zygi Wilf, Governor Mark Dayton announced that this new stadium will be a "People's Stadium", meaning that the stadium will be publicly owned.
Governor Dayton says this new stadium will bring over 13,000 jobs for the next three years to the area. 8,000 of those jobs will be in construction and another 5,000 will come from supplier jobs as the stadium is built.
This new deal will keep the Vikings in Minnesota for the next 30 years.
The Downtown East site includes the current Metrodome land with the addition of a game-day plaza on the stadium’s west side. The new “People’s Stadium,” estimated to be available for public use 355 days a year, will include a fixed-roof to allow year-round activities, 2,500 parking spaces adjacent to the stadium and a creative design including an attractive, functional interior similar to Target Field.
This new stadium agreement must now pass the state legislature and the Minneapolis city council before construction can begin. The bill is expected to be introduced to the legislature on Monday, March 5th.
Posted to the web by Krista Burns