It's a deal: $97 million Target Center renovation agreement reached
- Blog Post by: Jerry Zgoda
- October 28, 2013 - 10:41 AM
There's a "new" Target Center coming your way Wolves Nation, in about 2 or 2 1/2 years.
They had a news conference down at Target Center this morning to announce there's finally a deal after many delays while negotiations simmered: The city of Minneapolis will contribute $48.5 million, the Wolves $43 million and AEG arena management $5.5 million. There also will be a $50 million capital improvement fund to "continue to keep the facility competitive."
The deal will extend the leases of the Wolves and Lynx to 2032.
Design work begins this winter, construction is set to start next summer with a timeline of 18 to 24 months for completion.
* Redesign of the arena's exterior.
* More gathering/meeting spaces and additional club areas.
* "Improved amenities" in both lower and upper seating areas.
* Improved pedestrian flow into, out of and throughout the arena.
* Modernized loading docks.
* Increased seating capacity for concerts and family shows.
You can also expect Glen Taylor's plans to build office and practice facilities in the mostly abandoned Block E complex to get the fast track now.
© 2013 Star Tribune