Stadium bill highlights

  • Updated: May 20, 2006 - 11:26 AM
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TWINS STADIUM

LOCATION: Minneapolis Warehouse District, on a current parking lot behind the Target Center.

SIZE: 42,000 seats — 12,000 of which would be between 1st and 3rd bases.

COST: $522 million — $390 million for the ballpark, the rest for needed infrastructure.

WHO PAYS: A 0.15 percent Hennepin County sales tax would cover three-fourths of the cost; Twins owner Carl Pohlad would pay $130 million

WHO GAINS: The Twins get all game-day revenue and proceeds from naming rights and in-stadium advertising deals. If Pohlad sells the team, the public would get 18 percent of the gross sale price once construction commences; the share declines to zero percent over 10 years.

TIMELINE: Major construction would begin next year; the ballpark would open in 2010. The lease would run 30 years.

OTHER HIGHLIGHTS: Assuming the Vikings get a new stadium and the Metrodome is sold, Hennepin County and Minneapolis each get $5 million from that sale. Also, some of the sales tax proceeds can be used for county library and youth sports programs, beginning at $2 million a year for each.

GOPHERS STADIUM

LOCATION: Minneapolis campus of the University of Minnesota, near Williams and Mariucci arenas.

SIZE: 50,000 seats — expandable to 80,000 in the future.

COST: $248 million, including infrastructure.

WHO PAYS: 55 percent would come from the state and the rest from university donors, a $25 a year student fee and a $35 million naming-rights deal with TCF Bank.

WHO GAINS: The university expects it will generate more money to help run all athletic programs at the school.

TIMELINE: Major construction would start this summer; the stadium would open for the 2009 season.

OTHER HIGHLIGHTS: The state would acquire rights to 2,840 acres of university-owned land in Dakota County. The undeveloped land was deeded to the university by the U.S. military in 1947.

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