The Stadium Authority overseeing construction of the Minnesota Vikings' new home has chosen Ryan Cos. to develop two parking garages to serve the stadium.
For Ryan Cos., winning the parking contract over two competitors is a key hurdle in its plan for a $400 million redevelopment of the eastern end of downtown Minneapolis. KARE-11 reports Stadium Authority members said Ryan's ambitious plan will make for a world class game day experience.
The Star Tribune reports Ryan Cos. has said its project including offices, condos, retail space, and a park could not proceed without the stadium parking contract. Monday's decision by the authority gives Ryan that cornerstone.
In May Ryan Cos. unveiled its plans for a five-block area on the downtown side of the stadium. Most of the project would occupy land now owned by the Star Tribune. Ryan reportedly has a purchase agreement to buy the land by the end of the year.