Chart: Stadium bill's effect on other sports
- May 10, 2012 - 11:38 PM
STADIUM BILL'S EFFECT ON OTHER SPORTS
Timberwolves: The city of Minneapolis will have funds for Target Center renovations. Minneapolis would be on the hook for $150 million in construction costs for the Vikings stadium, plus around $7 million per year in operating costs. Additional tax proceeds from city sales and hospitality taxes -- repurposing taxes previously used to support the Convention Center -- would be used for Target Center improvements, which will cost about $150 million.
St. Paul Saints: The bill does not provide money for a new Saints ballpark. The bill gives St. Paul $54 million over the next 20 years, which the city is expected to use to pay off RiverCentre debt. However, there's a chance the projected $27 million Saints ballpark in Lowertown could eventually be funded from a grant as part of a separate $496 million public works bill.
Gophers football: Assuming the new Vikings stadium would be ready for play in 2016, the Vikings would likely play at least one full season at TCF Bank Stadium. That field would have to be upgraded if the Vikings play there, however, since it is basically shut down following the Gophers season and has no heating coils on the field, among other things.
Major League Soccer: The Vikings have right of first refusal with the state to buy an MLS team within five years of the first game in the new stadium. An earlier provision that the MLS team would have free rent for games was struck from the final version of the bill. The MLS would prefer all its games be played outdoors, meaning a retractable roof would be desirable.
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