Skip to main content

MSFA finds Wilfs should have funds for stadium

  • Author:
  • Updated:
    Original:

The Minnesota Sports Facilities Authority (MSFA) has found that the Minnesota Vikings owners should have the financial ability to commit the private funds to design and construct the new stadium.

WCCO TV reports that authority chairwoman Michele Kelm-Helgen revealed the preliminary results of a financial review of Vikings owners Zygi and Mark Wilf after a New Jersey court ruling found they defrauded a partner in an unrelated development deal.

The Star Tribune reports that the MSFA report found "one potential future issue" with the Wilf family's finances. The issue involves the ongoing New Jersey court case that could result in punitive damages.

If punitive damages are awarded, New Jersey law says the case then has to be referred to the state attorney general and local prosecutor to determine if a crime was committed. The NFL has assured the authority, though, that it is committed to fulfill the obligations under the stadium use agreement.

Kelm-Helgen said the full review should be completed next week. The Vikings owners halted negotiations on the stadium while the review was taking place, prompting worries about the construction timeline.

Once construction begins, it will be led by Golden Valley-based Mortenson Construction. To date, according to the Minneapolis St. Paul Business Journal it would be the largest stadium project for the company ever, and it could help them land more stadium construction deals in the future.

In a statement from the Vikings owners, they believe the stadium will be built and open, as planned, for the start of the 2016 NFL season.

Next Up

tornado

Tornado watch issued in Twin Cities, southern Minnesota

The watch will remain in place until midnight.

Wild fox.

Wild fox in Minnesota tests positive for highly contagious avian flu

This is the first confirmed case of highly pathogenic avian influenza in a wild mammal in the state, the Department of Natural Resources said.

New COVID-19 testing site in Midway neighborhood.

New COVID-19 testing site in St. Paul; 3 others to close as cases rise

Testing sites in Stillwater, Hutchinson, and St. Paul are closing as part of moves to adjust testing resources.

Screen Shot 2022-05-11 at 4.47.49 PM

St. Joseph man dies in motorcycle crash

The 27-year-old motorcyclist struck a curb, causing him to lose control before he crashed.

Downtown-Bike-Day_WS_No-logo

Downtown bike day—city biking at its best!

Move Minneapolis and ABC Ramps Mobility invite you to come along for the ride at Target Plaza on June 1, 2022

Anthony Skelley

Charges: South St. Paul teen killed during apparent marijuana sale

The individual accused of killing Skelley is a 17-year-old from St. Paul.

Anthony Edwards

Anthony Edwards among NBA stars in Adam Sandler's Netflix film, 'Hustle'

The Timberwolves point guard stars alongside other NBA players LeBron James, Trae Young, Juancho Hernangomez and more.

police lights

Armed man found barricaded inside Brooklyn Park home, negotiators on scene

An active police presence remains in the area as negotiators speak with the suspect.

Anthony Skelley

17-year-old South St. Paul homicide victim is identified

The medical examiner determined that Skelley died of multiple gunshot wounds.

tornado, severe weather

Tornado watch issued in Minnesota, South Dakota, Iowa, Nebraska

Severe storms are expected to push into southwest Minnesota this afternoon.

Screen Shot 2021-05-27 at 9.08.37 AM

Korean chicken chain Bonchon's 6th MN location set to open

The South Korean-based franchise has steadily increased its presence across the country.

Historic Fort Snelling

Revamped Historic Fort Snelling to fully reopen for first time since 2019

A $34.5 million revitalization project has been completed.

Related