Dispute over who will pay for cost overruns at US Bank Stadium settled - Bring Me The News

Dispute over who will pay for cost overruns at US Bank Stadium settled

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The Minnesota Sports Facilities Authority will pay for most of the cost overruns on construction of U.S. Bank Stadium, with the Vikings also chipping in some money.

After a dispute and mediation with builder Mortenson Construction, MPR says the MSFA has now agreed to cover the overruns (which according to the Friday morning meeting agenda is $16.25 million at this point), with Chair Michele Kelm-Helgen telling the news organization it is not state money being used.

The Vikings are also kicking in $5.45 million, the meeting agenda says.

What this stems from is a dispute that cropped up last summer.

Mortenson argued the extra work that led to the overruns came from changes that the MSFA ordered and shouldn't be paid for by the company, the Business Journal noted at the time.

The MSFA, in a statement on its site, argued the construction agreement includes a guaranteed maximum price – meaning any risk of cost disputes would be the responsibility of Mortenson.

The two sides met with a mediator, and things have been settled. KSTP says the money will come from a contingency fund of about $29 million.

Status of the stadium

U.S. Bank Stadium is about 90 percent complete, and on schedule to open in time for the 2016 NFL regular season.

Here's a 96-second video tour from earlier this week.

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Meanwhile FOX 9 reports there's some water damage due to a leak in the gutter system. Workers will have to remove some paneling and the U.S. Bank Stadium sign to fix it, which will be paid for by contractors, the station says.

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