Skip to main content

Devil is in the details emerging on Vikings Stadium

  • Author:
  • Updated:
    Original:

While not many will shed a tear when the Dome comes tumblin' down, people may cry foul when they learn about the costs and other terms for the new place that will replace it.

For all of the fits, starts and scrutiny surrounding the new Vikings stadium, more details are emerging about what the Vikings are getting out of the deal.

In a story that has been picked up by several media outlets, the Associated Press does a fine job of reporting some of the key details buried in the 222-page lease agreement signed by the team and the Minnesota Sports Facilities Authority last week.

Most folks blanched a bit when the notion of $2,500 seat license fees was floating around, but the AP delves deeper.

For instance, while the Wilfs are paying their fair share of the stadium costs, they will most certainly have some help. Due to the top dollars commanded by stadium naming rights these days, whatever the heck the place will be called is up to the team.

"The Vikings will have the exclusive right to sell and profit from a pair of naming-rights deals for the new stadium and adjacent fan plaza," according to the AP. Some estimates say the Vikings may end up getting $10 million a year just for putting a corporate stamp on the building.

Then there's the notion of the cheap seats - or, as the agreement calls for, "affordable seats." The Vikings are zeroing in on 3,250 "affordable" seats in a 65,000 seat stadium.

"What’s affordable?" asks the Associated Press story. "That depends on how much other seats cost."

WCCO weighs in with the angle of the Stadium Builders License, which will generate money that will go toward the cost of the new stadium and will consist of zoned pricing levels.

WCCO also notes that the Vikings have said the SBL offers guarantees to season-ticket holders - such as the guarantee that a season ticket owner will own his/her seats for as long as he/she continues to purchase season tickets, and the option to hold, transfer or sell SBL as the fan sees fit after first year - Gov. Mark Dayton has strongly voiced opposition to such methods being used to prop up the Wilfs' portion of the costs.

In a letter to the MSFA last month Dayton wrote that he strongly encourages a financial agreement "which requires the Vikings’ owners to provide a significant share of their financial contribution from their own resources, and not from Vikings’ fans through the sale of expensive personal seat licenses."

The SBL could generate as much as $125 million in advance for the Wilfs, though that may be reviewed after the season.

MSFA chairwoman chairwoman Michele Kelm-Helgen tells CBS that “there’s many different issues being negotiated.”

Meanwhile, the AP reports what won't be allowed at the stadium, namely events that sell guns, adults-only entertainment and periodicals, pawn-style offerings or head shop paraphernalia.

So the only gun show will be the one coming from Vikings defensive end Jared Allen.

Next Up

image

Animal Humane Society plans trailblazing new campus

Take a look inside the plans for a first-of-its-kind adoption center and animal care campus.

syphilis

Minnesota reports 'concerning level' of syphilis cases

The Minnesota Department of Health says most of the cases are being discovered in the northern part of the state.

Flickr - police lights squad siren - Edward Kimmel

Airport police intercept 5,600 fentanyl pills headed to St. Cloud

Three were arrested following a police raid in St. Cloud.

covid

Minnesota switches to weekly COVID updates

The weekly updates will be provided on Thursdays.

Screen Shot 2022-06-29 at 12.22.08 PM

Man shot inside Oakdale movie theater expected to survive

The 23-year-old victim underwent surgery and is recovering at the hospital.

monkeypox

Minnesota confirms second case of monkeypox virus

More cases are expected in the coming days and weeks, the health department says.

covid

Minnesota's COVID-19 update for Wednesday, June 29

One of the newly reported deaths was a person aged 15-19 from Yellow Medicine County.

Screen Shot 2022-06-29 at 10.19.37 AM

Drone drops bag of candy near kids fishing

A black SUV quickly left the area afterwards.

FLickr - AL Franken 2016 - Lorie Shaull

Al Franken to bring comedy tour to Minneapolis

Acme Comedy is hosting the former senator in late August.

Alabama

Alabama replaces Toby Keith as headliner at MN music festival

The Lakefront Music Festival is set to take place in Prior Lake on July 8-9.

Related