Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ST. PAUL, MN-As part of the Minnesota Twins ballpark bill, which has passed the Minnesota Legislature, the state has created a football stadium account for proposed a joint facility for Minnesota Vikings and University of Minnesota teams. The team argues that the Metrodome in Downtown Minneapolis is no longer adequate for its needs, andthe University of Minnesota also would like a new stadium.

The Vikings have proposed building a $440-million stadium, and the National Football League and the team would contribute about $150 million to that effort.

The new account is funded with $500,000 from reserves at Metropolitan Sports Facility Commission. Regents at the University of Minnesota are asked to make an agreement with the Minnesota Vikings on stadium operation and management and report back toLegislature by Dec. 1.

The net proceeds of the sale of the Metrodome–projected to fetch $26 million or so–would go to football stadium account.

Vikings officials have indicated they are pleased with the progress represented by the bill.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.