Vikings Announce Stadium Deal

Discussion in 'Minnesota Vikings' started by Sweets, Mar 1, 2012.

  1. Sweets

    Sweets All-Pro

    The Minnesota Vikings, city of Minneapolis and state of Minnesota have reached a tentative deal to build a new stadium near the site of the Metrodome. The Minneapolis City Council and Minnesota State Legislature still need to approve the deal, who Governer Mark Dayton urged to act quickly on. "All of this will be accomplished without using a single general-fund tax dollar," Dayton said on Thursday. Terms of a recent deal had the city contributing $150 million, the state would pay $400 million and the team paying the remaining $427 million on the $977 million stadium, which would be located to the east of the Metrodome and would open in time for the 2016 season. The announced breakdown of construction and operating costs in this agreement has the state paying $398 million, city of Minneapolis paying $150 million, and Vikings paying $472 million. Mayor R.T. Rybak says the team's share of the cost would be paid for by existing convention center taxes through 2045.

    Source: Mac's Football Blog
     
    Last edited: Mar 2, 2012
  2. Alcohol_IV

    Alcohol_IV eBattle Champion

    With the rate that stadiums go out-of-date, what are the odds the team still plays in it until 2045?