Vikings' bill for retractable roof stadium would be $407 million
The Minnesota Vikings officially announced they have reached an agreement with the Twin Cities suburb of Arden Hills where the plan is to construct a retractable-roof stadium.
Now, the Vikings and local government will wait for the green light from the state legislature, which will conclude its session for the year on May 23.
The plan calls for the stadium to be built on the site of the former Twin Cities Army Ammunitions Plant. The stadium will cost roughly $884 million and an additional $173 million will be required for on-site infrastructure, parking and environmental costs.
Whether the plan gets going or not remains to be seen. The Vikings had a cool response to an pitch by Minneapolis on Monday. In this plan, the Vikings will commit $407 million to the project. The county would fund $350 million with a half-cent sales tax hike, something that might not go over well with the public.
That leaves $300 million for the state to finance, which is the amount Gov. Mark Dayton has pledged for the project. Dayton said earlier in the day he wouldn’t go beyond $300 million even if road work was needed. This plan seems to cover the Vikings and Ramsey County. Zygi Wilf, the owner of the Vikings, has been pressing for a new stadium. The team’s lease at the Metrodome expires at the end of this season.
Now, the state legislature has two weeks to act on the stadium initiative. Stay tuned.
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Brad Biggs covers the Bears for the Chicago Tribune