Page 3 of 3 Previous

Continued: Doubts, controversy persist over $975 million Vikings stadium deal

  • Article by: RICHARD MERYHEW , Star Tribune
  • Last update: September 27, 2013 - 6:55 AM

“I think there’s always a question, whenever you buy a car or buy a house or anything where there is a negotiated price, you’re always left with the question in the back of your mind ‘Could I have done better?’ ” Stinson said. “Could we have done better? Should we have insisted on this rather than that? That’s just part of the bargaining process.”

Prof. Robert Boland of New York University’s Tisch Center for Sports Management, said that to a certain extent, what’s happened with the Minnesota stadium project was inevitable. When it comes to public-private financing, he said, there are always disputes or problems involving the site, land acquisition, financing or cost overruns.

“Your set of problems are the same as everybody else’s,” Boland said. “You may have had a few more of them, but the range of them is absolutely a sign of the times.”

Although stadium groundbreaking is tentatively scheduled for early November, the political noise and skepticism probably won’t subside anytime soon.

The lease and development agreements still being negotiated will spell out terms of the team’s lease, as well as determine how much revenue the authority and team receive from advertising and sponsorships. They also will establish the terms for the personal seat license fees — the sum charged to season-ticket holders on top of the price of a ticket for the right to reserve a seat. Those fees, which can range on average from as little as $1,000 a seat to more than $10,000, count toward the team’s portion of financing.

It’s unclear why the agreements, which have been negotiated for months, were delayed this week. Stadium officials already were worried about the tight construction schedule.

“Once a deal is done and it’s built, the opposition tends to melt away,” Lanning said. “But until that happens and this moves forward and is built, the opposition will continue and people will pick at it and second guess it.”


Staff Writer Jim Ragsdale contributed to this report

Richard Meryhew • 612-673-4425


  • related content

  • Vikings stadium section: The game plan

    Friday May 10, 2013

    The latest news on the construction of the new Vikings stadium in downtown Minneapolis. It's set to open in the fall of 2016.

  • Stadium authority postpones vote on key agreements

    Thursday September 26, 2013

    The Minnesota Sports Facilities Authority was expected to vote on the agreements Friday, but rescheduled the meeting for Oct. 3.

  • Sept. 26: Wilfs plan to appeal judge's ruling

    Thursday September 26, 2013

    Vikings president Mark Wilf said his family will appeal a New Jersey judge’s order to pay $84.5 million in damages to the former partners who sued for fraud in a...

  • Sept. 24: Wilfs fined $84.5M in N.J. real estate fraud case

    Tuesday September 24, 2013

    The money will go to former business partners, but the Wilfs’ attorneys expect the new Vikings stadium to open before the appeals process in the case ends.

  • An artist's rendering of the new Minnesota Vikings stadium.

  • Pulltabs fall short: The plan to pay for part of the construction with gambling revenue didn’t work out.

  • Taxpayer resentment: Stadium critics have voice their objections: “Help poor kids, not millionaires.”

  • Wilfs court case: The Wilfs’ legal woes have raised questions about the state’s due diligence.

  • Citizens have expressed their dismay with the Vikings stadium deal in many ways, including these posters taped to the front gate at the Governor’s Residence. State trooper Brent Messer took a look.

  • get related content delivered to your inbox

  • manage my email subscriptions


Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters