Vikings solve stadium budget gap with additional $46 million in private contribution - Bring Me The News

Vikings solve stadium budget gap with additional $46 million in private contribution

Author:
Updated:
Original:

Put another $46.1 million on Zygi Wilf and the Minnesota Vikings' bill for the new multipurpose stadium scheduled to open in 2016.

The Wilf family and the team announced the additional private contribution during a Friday Minnesota Sports Facility Authority (MSFA) board meeting. A breakdown of the private investment is available at NewMinnesotaStadium.com.

MSFA Chair Michele Kelm-Helgen said in a statement that the contribution allows them to keep a promise of building the "most iconic, world-class stadium in the country and perhaps the world." She added that the commitment helped solve a budget gap that threatened to take away fan amenities from the original stadium design.

The team has now provided an additional $49 million since last November, including a $1.2 million contribution in April and a $1.3 million contribution in June.

Of the new money, $26.4 million comes from a contingency guarantee the team made in November. The remaining $19.7 million is a cash addition. The team's total private contribution now stands at $525.6 million – nearly $50 million more than their original total of $477 million.

The stadium's cost now stands at $1.024 billion, up from $975 million. Taxpayers will take on $498 million of the bill.

“It is critical that the original stadium design unveiled in 2013 is delivered to the public when the new stadium opens in 2016,” said Vikings Owner/President Mark Wilf said in a statement. “Our goal is to provide the best game day experience possible for our fans and for everyone in Minnesota who uses the stadium. We strongly believed eliminating significant items that contribute to that fan experience was not an option.”

Next Up

Danielle Hunter, Everson Griffen

Vikings will face Everson Griffen twice after trade to Lions

The former Vikings star was traded to Detroit for a fifth-round pick.

Jordana Green

WCCO Radio's Jordana Green diagnosed with leukemia

"I got this," Green wrote on her Facebook page.

CrispAndGreenPhoto

Minnesota-based Crisp & Green adds 20 locations in four states

The four-year-old local business says it's going national

victoria burrow pizza

Fair-inspired entertainment venue opening at Mall of America

Fair on 4 will feature axe throwing, go carts and more.

cheers-2636510_1280

Canceled: The Halloween bar crawl that no bars knew about

The dubiously organized event was planned for this weekend in Minneapolis.

covid saliva test

St. Cloud gets Minnesota's 6th COVID-19 saliva testing site

Four more sites are expected to open in the Twin Cities in the coming weeks.

burnsville center

Part of Burnsville Center is being auctioned off

More than 500,000 square feet of the mall is being auctioned off.

State Capitol

Elections 2020: Control of Minnesota's divided Legislature is up for grabs

Redistricting and responding to COVID-19 are among the issues the new legislature will have to deal with.

ambulance

Rochester woman found dead in the snow after leaving senior residence

The woman left the senior living center around 2:30 a.m. Monday.

Screen Shot 2020-10-27 at 10.43.19 AM

Investigation: Sprinklers could have saved 5 killed in Minneapolis high-rise fire

The deadly fire broke out at the Cedar-Riverside apartment block last November.

coronavirus, covid-19

Here is Minnesota's COVID-19 update for Tuesday, October 27

Hospitalizations continue to rise quickly in Minnesota.

Related