Minnesota Sports Facilities Authority
Minnesota stadium developers are providing a fuller accounting of their upcoming steel purchase after word of foreign imports caused concern on the state’s Iron Range.
Former state House member Tom Rukavina says he’s annoyed that the new Vikings stadium requires ore from overseas. Mortenson Construction executive John Wood told the Minnesota Sports Facilities Authority that some high-grade steel will be imported from Europe. He says officials are ordering from a Luxembourg manufacturer that’s a global provider of the extra-strength steel. Wood says the 7,000 tons of steel that make up the perimeter can be drawn domestically, but even that will probably have only small traces of Minnesota in it.
Backers of the $1 billion Vikings stadium regularly tout the project as an economic driver that will boost the state’s construction industry and rely heavily on Minnesota-derived materials. Construction planners showed last week that those goals are easier stated than achieved.
The Minnesota Vikings say they’ll raise their contribution to a new stadium to more than $500 million to make sure the project has everything they want. Vice President Lester Bagley says the extra money is the only way to preserve the design and features in the new stadium, which will now cost more than $1 billion.
An official involved in the Minnesota Vikings stadium project says a goal for getting key elements of the financing locked in this week won’t be met.
Offensive, illegal and painful. Those are just some of the words the American Indian movement leaders of Minnesota used Friday to describe the Washington NFL team name: the Redskins. The Vikings play the Washington Redskins at the Metrodome on Nov. 7.
The public authority in charge of the new Minnesota Vikings stadium is tying up loose ends before construction can get underway next month. The head of the Minnesota Sports Facilities Authority said Friday that the project is “beginning to move at lightning speed” as the mid-November groundbreaking. Next week a key pricing report is due from the lead contractor that could reflect cost pressures on the $975 million stadium. The Vikings must certify their $477 million share for the project by early November. Soon after, the state will sell bonds toward the $477 million public contribution.
The government panel that’s managing construction of the new Minnesota Vikings stadium made several mistakes related to managing finances in its first few months of operation. That’s the finding of a report released Thursday by Minnesota’s Legislative Auditor.
Decode the legalese and the 222-page lease agreement binding the Minnesota Vikings to 30 years or more in their soon-to-be-built stadium shows in great detail who calls the shots, who gets to cash in and who can use the place when the football team isn’t.
The Minnesota Vikings and the Minnesota Sports Facilities Authority completed a portion of the terms that could lead to the team’s new stadium. The most important part of the two documents for fans is the Stadium Builder’s License. There has been strong opposition to the use of them, but they have become a part of professional sports.
The authority that will manage the new Minnesota Vikings stadium has confirmed that some fans wanting a season ticket will have to first pay for a personal seat license.
As some senior level Vikings officials spend time in London, there are questions here at home about the future of the new Vikings stadium. Groundbreaking is scheduled for November, but final negotiations about developments and the stadium lease have been postponed Friday until next week. This is the second time final deals have been delayed. The Minnesota Sports Facilities Authority (MSFA) has now pushed back their final urgent deadlines for negotiations twice. The team says they will be locked into this lease for 30 years so that’s why they are taking their time.
Negotiations on a new Vikings stadium are winding down, but a new controversy may be heating up.
The chairwoman of the public authority managing Vikings stadium construction says preliminary results of a financial review shows the team has the financial capability to cover its share.
A spokeswoman for the Minnesota Sports Facilities Authority says Wednesday the Vikings now appear to have turned over all documents needed for a due diligence review of the finances of owners Zygi and Mark Wilf.