Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
Stadium Watch Blog
Tim Nelson

Vikings stadium is 13 percent complete, dollar-wise

Go Deeper.

Create an account or log in to save stories.

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Here's the ledger on the new Vikings stadium, as totted up at the Minnesota Sports Facilities Authority meeting this morning. The bottom line: about an eighth of the money has been spent.

[image]

There are some interesting numbers in this chart: the Vikings clearly have a lot of seat licenses to sell. About a quarter of the team contribution will be paid directly by fans who'll pay licenses, ranging from $500 to nearly $10,000 dollars a seat.

Even if the Vikings have covered the $25 million in marketing and financing costs baked into the $125 million gross sale number they set, they still need $97 million in cash from fans to pay that slice of the team's $477 million share.

It's also interesting what isn't on this chart: the Vikings committed today to another $600,000 to prepare to almost double the size the video board on the west end of the stadium: it's now going to be almost 7 stories high. They're also spending another $630,000 to put video walls in the premium lounges for the Fire and Ice clubs.

steve-poppen

Vikings CFO Steve Poppen says that's on top of the $26.4 million contingency that the team committed to in November, which could be above and beyond the original $975 million sticker price.

Poppen wasn't ready to say that $26 million contingency is already gone, but if they have to put in yet more cash up front, that seems a good indication that the stadium cost is now on the books, somewhere, for more than $1 billion.

The $1.2 million in upgrades unveiled Friday puts the team's tentative contribution for the stadium at $505 million, up from the $477 million initially pledged.