Public gets comment chance for Target Center deal
- Blog Post by:
- October 31, 2013 - 5:33 PM
The public will get a chance to voice opinions on the proposed Target Center renovation deal when the City Council meets in committee on Nov. 8 at 10 a.m.
Committee of the Whole Chairman Robert Lilligren announced Thursday that the panel of all council members will take public comment--albeit not hold a formal hearing--at the meeting. That will fall three days after city elections.
Mayor R.T. Rybak said after the committee met Thursday to review the proposal that he's "confident this will move through" the council on Nov. 14, when it is scheduled to vote.
The deal calls for a $97 million building investment, about half by the city, and most of the rest from the Timberwolves, with a smaller share from building manager AEG. The deal keeps the team at the arena for another seven years, to 2032, and calls for some revenue capture if the team is sold.
"It's pretty good to get private people to put $50 million into a public building," Rybak said. The deal actually calls for a $48.5 million team-AEG financial commitment, equal to the city's share.
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