Minneapolis willing to pay $300 million for new stadium

Don’t rule out downtown Minneapolis as a potential future home for the Vikings just yet.

Although the team has been doing all it can to fast track a stadium plan in suburban Arden Hills, the financing hasn’t come together yet and Minneapolis Mayor R.T. Rybak said the city will contribute $300 million to construct a new stadium at the site of the Metrodome.

Some have said all along that the most feasible location for a Vikings stadium is in the state’s largest city where a multi-use facility could be maximized. The Vikings have preferred the Arden Hills location for a number of reasons, not the least of which is the parking revenue the club can collect there. The Vikings get almost nothing in the way of parking fees at the Metrodome.

Ramsey County officials have yet to come up with a financing plan that will fly in Arden Hills.

We are prepared, with existing revenue streams, to put $300 million on the table,” Rybak said, according to the Minneapolis Star Tribune. “We do have the plan that will create all of the revenue options that are necessary for the Vikings.”

The Vikings’ search for a stadium marches on. And there’s no end in sight right now. Just a lot of political wrangling.

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Brad Biggs covers the Bears for the Chicago Tribune

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