Skip to main content

City council approves $97 million Target Center renovation

  • Author:
  • Updated:
    Original:

The Minneapolis City Council approved a nearly $100 million facelift for the aging Target Center in a unanimous vote Tuesday, according to WCCO.

The project unveiled last month includes a redesign of the arena's exterior, expanded club areas, improved fan amenities and more seating capacity for concerts.

Minneapolis has agreed to pick up half the cost while the Timberwolves and AEG, the Target Center's management company, will fork over the other half.

The deal also extends the leases for the Wolves and the Lynx through 2032.

An analysis shows the Target Center generates about $100 million each year in economic activity, with basketball accounting for about a third of that revenue, FOX Sports North reported.

FSN said the city also agreed to set aside a $50 million capital expenditure fund for future updates to keep the 23-year-old arena looking fresh.

Construction will kick off next summer and is expected to be complete in 2016.

WCCO says the project will create 850 construction jobs and 900 jobs at the arena.

Click here to see more preliminary renderings and blue prints.

Next Up

Screen Shot 2021-05-27 at 9.29.03 AM

Former state senator Scott Jensen endorsed by GOP for governor

Jensen beat to multiple other hopefuls for the endorsement at Saturday's convention.

storm

NWS already monitoring Thursday for severe weather in MN

Monday-Wednesday should be fantastic weather in Minnesota.

MissingMankatoWomanSideBySide

Body of missing Mankato woman believed to have been found

A canoer found the body in a swamp near Eagle Lake Friday.

kim crockett facebook sos

MN GOP endorses attorney general, secretary of state candidates

Kim Crockett was endorsed as the party's candidate for secretary of state, while Jim Schultz won the endorsement for attorney general.

FSmb9kkWAB0UBqk

Volunteer firefighter identified as man killed during Thursday storms

The Kandiyohi County Sheriff's Office confirmed that 63-year-old Ryan Erickson died when a grain bin fell on him.

Juan Ramos, standing outside of his Taco Chon Mexican Grill, in St. Cloud, Minnesota.

Firm takes on case defending Taco Chon against Taco John's lawsuit

The local Mexican restaurant is fighting a case presented by Taco John's over naming rights, among other things.

Screen Shot 2022-05-14 at 7.32.27 AM

Worker killed in skid loader accident was 23-year-old apprentice lineman

Minnesota Valley Electric Cooperative called the incident "the unthinkable."

Cascade River 1

Raging North Shore rivers overtake bridges, snap trees in half

Pedestrian bridges near the Lutsen Resort have been damaged by the vast river flow.

u.s. attorney's office

St. Paul man sentenced for 2021 robbery spree

Warren Dean, 27, admitted to robbing seven St. Paul businesses in a span of three days.

Related

Target Center overhaul awaits council approval

Part of the Vikings stadium measure, in the hands of the Minneapolis City Council, would also allow Minneapolis to finance a $150 million renovation of the Target Center. Plans already include moving the box office, adding more club seating and installing a state-of-the-art scoreboard.