Tentative agreement reached for new Vikings stadium
A long and arduous journey for the Minnesota Vikings could be over soon.
The club, the state and the city of Minneapolis have reached a tentative agreement on a $975 million stadium to be built near the Metrodome.
Yes, they’ve been down this road before with an agreement that would have taken the team to suburban Arden Hills. So while this is far from a done deal, it appears headed in the right direction and the sides have agreed how to divide the costs.
According to the Minneapolis Star Tribune, the Vikings will pay $427 million for the new building. The state will add $398 million to the project and the city will pay $150 million while then also contributing about $180 million over the next 30 years to cover operating costs.
The plan still needs to make it through the state capitol but that could happen before the session ends in April. This plan calls for the state to spend some $60 million more than the previous plan in Ramsey County at the Arden Hills location.
The Minneapolis City Council will also have to approve the measure. So, there are still plenty of hurdles that need to be cleared, but the sides have found a location and a financial agreement. Speculation is this agreement will be better received at the state level than the previous plan in Arden Hills because many people wanted to keep the Vikings in downtown Minneapolis.
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Brad Biggs covers the Bears for the Chicago Tribune