Life Time Fitness extends lease at Target Center, plans $6M upgrade

Author:
Updated:
Original:

Chanhassen-based Life Time Fitness will be at Target Center for at least another 12 years after extending its lease with the arena Friday, the Minneapolis-St. Paul Business Journal reports.

The company also pledged a $6 million upgrade of the health club facility.

The Star Tribune reports that Life Time will extend its lease another three years as long as the Timberwolves stay at Target Center as well.

Life Time has been at Target Center since 2006, when it acquired the facility as part of its acquisition of the Northwest Athletic Club chain.

News of the lease extention and upgrade comes after a sharp drop in Life Time shares earlier this month.

The shortfall was reportedly connected to expenses with the opening of new locations, set for early 2014.

Life Time operates 105 facilities in the U.S. and Canada.

Next Up

police lights

Attempted luring of 14-year-old girl reported in West St. Paul

The suspect is described as a white man in his 40s.

Screen Shot 2021-03-04 at 9.19.48 PM

Worker, 18, suffers serious electric shock at Vikings apartments site

The worker was reportedly in a critical condition Thursday.

49920879552_ef6458affd_o2

As golf season approaches, book your round now at Dacotah Ridge GC

The stunning course is designed by world-renowned architect Rees Jones.

Kevin Garnett

Kevin Garnett's group out of potential Timberwolves sale

Timberwolves owner Glen Taylor said that Garnett's group was not one of "more than 10" to buy the team.

axebridge

Full production winery set to open in Minneapolis this month

The couple behind Schram Vineyards Winery and Brewery is opening AxeBridge Wine Company in Minneapolis' North Loop neighborhood.

ambulance

Pedestrian killed in two-vehicle crash in Crystal

The incident happened just after noon.

Screen Shot 2021-03-04 at 1.45.48 PM

Foss Swim School opens its 9th Minnesota location in former Pier 1 store

The Eden Prairie based company has 22 locations across the Midwest.

police tape, crime scene

Charges: Minneapolis man kills woman, tells police to kill him

A convicted felon is accused of fatally shooting a 29-year-old woman on Feb. 28.

tree

It's that time of year: Minneapolis offers deal on trees for property owners

The City Trees program sells trees for $25 from March 8 to April 16, or until trees run out.

coronavirus, covid-19, doctor

CDC report reveals how first cases of Brazilian COVID variant came to MN

Dozens of people had to be tested for the virus after the first and only two cases of the P.1 variant were detected in Minnesota.

Related

Life Time Fitness to open first center outside U.S.

The fitness company will open a new center in Ontario, Canada next spring. Several other Minnesota-based companies have recently announced plans to enter the Canadian market -- including Target, Famous Daves and Buffalo Wild Wings.

Win a yearlong membership to Life Time Fitness!

We want to serve you better. Tell us about your interests and what you think about BringMeThe News and we'll enter you to win a year-long family membership at Life Time Fitness!

Xcel Energy Center undergoes first major upgrade

The Minnesota Wild is investing about $1 million to build two-dozen loge boxes at the St. Paul arena, the Business Journal reports. The four-person upscale boxes are priced at about $50,000 per year, compared to $180,000 for a suite. The new premium seating is expected to be ready for the hockey team's first preseason game on Sept. 26.

Cost of Target Center renovation drops dramatically

Renovating the 22-year-old Target Center, home of the Minnesota Timberwolves, has been a controversial piece of the deal to construct a new Vikings stadium, but the estimated cost of the project hasn't been easy to pin down. It was about $150 million last year, but now it's down to $100 million, it was revealed Thursday night at the first meeting of a panel charged with overseeing the renovation, the Star Tribune reports. Why? Answers have been vague.