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.
The public authority overseeing construction of a new Minnesota Vikings stadium is warning that the opening of the stadium could be delayed if the team doesn’t quickly resume negotiations on a lease and development agreements.
Even before ground is broken on a new Minnesota Vikings stadium, a white-collar brigade of accountants, architects, lawyers and other consultants has locked in millions of dollars in contracts that would complicate any effort to derail the project.
The Vikings stadium final leases were scheduled for votes this Friday at the Minnesota Sports Facilities Commission. But now those votes are on hold until an investigation into the Wilf family’s finances can be completed.
A one-time tax on cigarette supplies has generated more than $30.4 million, most of which will be used as a backup funding stream for the new Minnesota Vikings stadium. The Minnesota Department of Revenue released new details Tuesday.
More questions about funding for the nearly billion-dollar Vikings Stadium came to light on Tuesday at the State Capitol. Last week, a judge found Vikings owner Zygi Wilf guilty of defrauding business partners out of $51 million some 20 years ago.
The Metropolitan Sport Facilities Authority was supposed to vote later this week on some of the final agreements for the Vikings stadium deal. But those votes have been postponed after Gov. Mark Dayton called for a review of the nearly $1 billion stadium plan.
Gov. Mark Dayton says his confidence in the owners of the Minnesota Vikings has been “undermined” by questionable business ethics but he warns the state risks losing its pro football team if a stadium deal unravels.
The Minneapolis City Council unanimously approved the framework for a $400 million redevelopment of Downtown East on Monday. According to city officials, the plan will redevelop over five blocks that are currently home to several surface parking lots. The redevelopment plan was proposed by Ryan Companies, in conjunction with the City of Minneapolis, the Metropolitan Sports Facilities Authority and the Star Tribune.
Boosters of the struggling electronic pull-tab games that are supposed to help pay for construction of the new Minnesota Vikings stadium are holding meetings statewide trying to inspire interest and confidence in the games.
The Minnesota group that represents charitable gambling operators is holding meetings around the state to promote the struggling electronic bar games that are supposed to help pay for the new Minnesota Vikings stadium.
Now that plans for a new Vikings stadium have been determined, what happens to the area around it is still in the works.
Minnesota Vikings stadium finance plan, take two. At the request of Gov. Mark Dayton’s administration, the Legislature is temporarily rerouting money from a new cigarette tax and from a corporate tax to backfill a lagging stadium fund.
The word is Joe Coleman is getting a lot of inquiry from major colleges across the country since announcing he’s leaving the University of Minnesota. Richard Pitino is starting to make his imprint, including inquiring about a private workout area across from his office for personal player workouts.