Vikings Stadium Plan Receives Majority Support from City Council
- Apr 03, 2012
The latest Minnesota Vikings stadium plan is now backed by a majority of the Minneapolis city council, the Minneapolis / St. Paul Business Journal reports.
The development was announced by Gov. Mark Dayton; Minneapolis Mayor R.T. Rybak, City Council President Barb Johnson and six other council members posted online letters of support.
Initially, the stadium plan was stalled in the state legislature as some lawmakers were waiting for the city council to confirm its support of the project. The plan calls for the construction of a $975 million stadium where the Metrodome stands today.
The StarTribune reports Minneapolis would contribute $150 million for the construction of the stadium and an extra $189 million to help operate it.
Minneapolis has been the home of the Vikings since 1982, and according to a press release from Home Field Advantage a consortium of leaders in Minneapolis, the total annual economic losses of Minnesota could exceed $500 million if a new stadium deal is not agreed upon soon. After discussions with the organizers of the main events in the city, Home Field Advantage has compiled a list of events–and their economic impact–that may not return to Minneapolis unless a new stadium is built.
- NHL Super Bowl, at $250 million
- Alcoholics Anonymous International Convention, $70 million
- Seventh Day Adventist Convention, $70 million
- NCAA Final Four Basketball Championships, $50 million
- Evangelical Lutheran Church of America Convention, $40 million
- Special Olympics USA Games, $33 million
- NCAA Wrestling Championships, $20 million
Illustration Courtesy of: www.vikings.com