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Vikings stadium construction bids are coming back higher than expected - Bring Me The News

Vikings stadium construction bids are coming back higher than expected

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The Minnesota Sports Facilities Authority announced Wednesday it is still working to meet a "guaranteed maximum price" with the main contractor doing the work on the new Minnesota Vikings stadium, the Associated Press reported.

The MSFA originally had hoped to reach a price deal this week, which would have allowed the Vikings to finalize loans on their $477 million private share. The state will not sell bonds for the public share of the cost until the Vikings do that.

The Pioneer Press reports that higher-than-expected bids are prompting the delay.

MSFA Chairwoman Michele Kelm-Helgen told the newspaper that the figures fluctuate, but bids are coming in roughly $10 million-$25 million dollars over the budgeted construction amount of $738 million.

She declined to say when she expects the maximum price to be finalized. It has to happen soon if they are going to meet a mid-November deadline for a key order of steel for the roof of the stadium.

"It's very important that we get this right," Kelm-Helgen told the newspaper. "We're getting close."

She said officials are trying to make prices as specific as possible by reducing unknowns and making a few changes in the building's design. But Kelm-Helgen says they are not eliminating any of the signature elements.

Officials are hoping to break ground in mid-November. The stadium is scheduled to open in 2016.

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