Project overrun could hike up Vikings' stadium price
The cost for the Vikings to build a new stadium in Arden Hills, Minn., could exceed $500 million because of a project overruns.
Of course, right now it’s nothing more than a plan that has dragged on for longer than the franchise had hoped. Overruns were clearly a real possibility when the numbers came out back in the spring and it was clear no one had accounted for necessary roadwork and infrastructure costs. The number that’s been most consistently floated for the Vikings has been $407 million.
“If you look at the cost escalation for a project like this ... I think it is fair to say they'll be maybe close to half a billion dollars," Gov. Mark Dayton said, according to the Minneapolis Star Tribune. The current deal would require the Vikings to pay for any cost overruns."
Lester Bagley, the team's vice president and point man for a new stadium, said the actual amount the Vikings would be on the hook for would be determined "in negotiations." It’s all semantics at this point. The Vikings will claim there is a difference between stadium costs and the expenditures needed for roadwork.
The bottom line is there doesn’t seem to be real movement on the project right now. The Vikings are only looking at the site in Ramsey County. Dayton has said a special session could be called this year to put the matter before the state legislature, but nothing has been scheduled.
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Brad Biggs covers the Bears for the Chicago Tribune