Skip to main content

When $975M isn't enough: Vikings scaling back stadium already

  • Author:
  • Updated:

You could be forgiven for getting excited about all those glorious architectural renderings of the proposed Vikings stadium - like the one attached with this story - floating around, but the reality is, you can't believe everything you see.

To that point, the Vikings are already scaling back plans for the stadium, as the Star Tribune reports, before ground is even broken, trying to squeeze everything out of that paltry $975 million budget.

The first amenities to go, according to the paper: a 400-stall parking garage a block north of the stadium, a skyway linked to a ramp a block south, two large escalators and as much as 40 feet from the height of five massive glass doors at the venue’s main entrance.

“We only have $975 million in the budget, and there’s only so many things you can get under that number,” Vikings Vice President Lester Bagley says.

Michele Kelm-Helgen, chairwoman of the Minnesota Sports Facilities Authority - which is overseeing the project - has admitted that there are many moving pieces as the project goes forward, telling CBS earlier this week that many issues are unresolved.

This was in light of emerging details in the final lease agreement between the Authority and the team, which was inked last week.

Now she tells the Star Tribune that an uptick in construction costs have pushed some bids upward, totaling about $30 million over projections already.

Both the authority and the team are looking at restoring some amenities that might make the cut, but as one construction expert tells the Star Tribune, that's a pretty predictable cost of going into the stadium business.

Speaking of business, the Star Tribune also reports that plenty of folks want to help get the thing built: Twenty-two financial institutions have applied to help underwrite the $498 million taxpayer share of the new Minnesota Vikings stadium.

A source at the state's budget office says the list includes big-time names, including U.S. Bank, Wells Fargo Securities, Morgan Stanley and Goldman Sachs.

It will take weeks to narrow down the list, and perhaps more than one bank will be chosen, reports the Strib.

Next Up

Intersection in Rochester.

Boy dies in motorcycle crash in Rochester

Police are investigating as of Friday afternoon.

Tab2FileL (13)

Numerous severe storms likely in Minnesota Friday night

Watch the video for the full details with meteorologist Sven Sundgaard.

court room

Teen pleads guilty in shooting death of 15-year-old girl in Columbia Heights

Damico Jamal-Tokyo High will receive a sentence in juvenile court, along with an adult prison sentence.

Screen Shot 2022-04-25 at 11.00.01 AM

Walz wants to use surplus money to send direct payments to Minnesotans

It's a renewed effort from a previous proposal from Walz and Lt. Gov. Peggy Flanagan's supplemental budget in January.

Ron Johnson

Jan. 6 committee says aide for WI senator tried to give fake elector info to Pence

The attempt was discovered through text messages in the ongoing public hearing held by the Jan. 6 select committee.

Stock U of M sign

Minnesota state colleges boosting tuition again by 3.5%

The Minnesota State system's Board of Trustee's approved the increase Wednesday.


Minnesota's COVID-19 update for Friday, June 24

The next daily update will be provided Monday, June 27.

Pro choice rally

Walz, Jensen react to historic Supreme Court reversal of Roe v. Wade

After voting to overturn Roe, conservative Justice Clarence Thomas has hinted contraception and same-sex marriage protections should follow.

16362 County Rd 81, Maple Grove, Minnesota - October 2021 (4)

2-year-old killed in crash on County Road 81 in Maple Grove

The crash occurred Thursday evening on County Road 81.

police tape

BCA issues new details about St. Michael standoff, shooting

New details say a St. Cloud police officer struck the suspect with gunfire.

Screen Shot 2022-06-23 at 2.21.45 PM

92-year-old driver killed in rural Scott County crash

The crash happened around 12:30 p.m. Thursday.

Screen Shot 2022-06-24 at 7.29.06 AM

Big-time rain totals flood Highway 10 in central Minnesota

More rain and storms are expected Friday and Saturday morning.