Updated:
Original:

Auditor finds financial missteps by stadium authority

Author:

An auditor's report finds the state panel overseeing the new Vikings stadium made some financial mistakes in its early months.

But the Office of the Legislative Auditor concluded that overall the Minnesota Sports Facilities Authority has been presenting its finances fairly.

As the Associated Press reports, the auditor found $833,000 the Vikings paid for construction planning was mistakenly reported as operating income.

The report also says the Authority, which is currently operating the Metrodome, should have verified the profits reported by the vendors that oversee concessions there.

The Star Tribune notes, though, that the auditor also concluded financial statements were "fairly presented in all material respects."

The Authority was created in August of last year and the auditor looked at its operations through the end of 2012. Find a summary of the report here.

Or read the whole thing here.

Groundbreaking for the new $975 million stadium is planned for November, but details have not been announced yet. It's scheduled to be ready for the 2016 football season. The Vikings owners and the Sports Facilities Authority finalized a lease for the new building early this month.

The state of Minnesota and city of Minneapolis together are covering nearly $500 million of the building's cost, which continues to rankle some critics -- most recently in Pittsburgh Magazine.

Next Up

Anthony Edwards

Ant's rally not enough to save Timberwolves

Edwards' third-quarter explosion came too late in a loss to the Pelicans.

Rent, mortgage, house, key, door

Victims of property manager's sexual harassment to get $736,000

It's part of a consent decree announced by the Department of Justice Monday.

The Liffey Pub Facebook

St. Paul's Irish pub The Liffey reveals it won't reopen

The beloved pub has been closed since the start of the pandemic.

Proctor football

Proctor football investigation: Case goes to county attorney

The office will review the evidence and consider possible criminal charges.

kirsten mitchell screegrab

'I’m heading home!': CA reporter announces return to WCCO

Kirsten Mitchell interned at WCCO years ago. Now, she's coming back as a reporter.

eggs

As part of price gouging settlement, farm to donate 1M eggs to food nonprofits

The egg producer will donate more than 1 million eggs to nonprofits fighting hunger.

plane, Piper PA-32

Sheriff: Witnesses saw plane 'performing aerial maneuvers' before fatal crash

The single-engine aircraft went down in northern Wisconsin, killing a brother and sister.

Screen Shot 2021-10-25 at 8.51.02 AM

Community rallies around Minnetonka HS dancer battling brain tumor

A fundraiser raised more than $44,000 of its $60,000 goal in the first two days.

twin city gardens

In rare move, MDH takes control of Minneapolis nursing home

The temporary receivership is to ensure resident safety.

Related