Minneapolis, MN (NNCNOW.com) --- Minnesota Governor Mark Dayton announced on Tuesday the state's official plans to bid on hosting the NCAA men's basketball Final Four tournament in either 2019 or 2020, with the city hoping to again capitalize on the the new $1 billion stadium that is currently under construction.
“Hosting the NCAA Final Four would bring tens of thousands of visitors to Minnesota, and put our state center-stage during one of the most-watched sporting events of the year,” Governor Dayton said. “We plan to pursue this opportunity, and the economic benefits that come with it, with the same enthusiasm and creativity that secured the 2018 Super Bowl.”
Minneapolis, Minn. had been named this past January one of eight finalists to host the Final Four between 2017 and 2020, but Governor Dayton said Tuesday the state plans to focus on the two tournaments that will come after the Super Bowl in February 2018.
Based on what other host cities have reported over the last four years, the Final Four is expected to bring in between $70 million and $200 million of economic stimulus.
reviewing the economic impact on other host committees over the last four years, the economic impact could be anywhere between $70 million to $200 million.
"I have witnessed firsthand the benefits a Final Four brings to a city, state and University," University of Minnesota athletics director Norwood Teague said. "I am extremely proud of the bid submitted by Minnesota and the University of Minnesota on behalf of its businesses, residents and students, and am excited by the prospect of hosting one of the greatest sporting events in the country."
Minnesota has twice before hosted the NCAA men's basketball Final Four, with those coming in 1992 and 2001 at the Metrodome.