The city of Minneapolis will pay a little more than half the $97 million cost of renovating Target Center. Construction on the downtown arena will begin next summer and continue for the next 18 to 24 months.
The Star Tribune reports financing and upgrades were revealed at a Monday morning news conference. Details of the deal have the city contributing $48.5 million, the Wolves pitching in $43 million and AEG, the arena management company, adding $5.5 million.
The funds will pay for a redesign of the arena's exterior, expanded club areas, improved fan amenities and a modernized loading dock. Seating capacity for concerts will also be expanded.
The deal extends the leases for the Wolves and the Lynx through 2032.
And while fans will sit in the same old arena this year, they will have something different to nosh on. The Business Journal had a story about new food offerings for the upcoming NBA season.
Last week, the Wolves unveiled the new menu when the team hosted a first-ever tasting session for the media, employees and corporate partners. They sampled new versions of Cuban, steak and pulled pork sandwiches, cheese curds, and Crunch's Tater Tot Supreme, a pile of tots topped with nacho cheese, pico de gallo and sour cream.