Reporter Rochelle Olson updates you on the construction of the new Minnesota Vikings stadium in downtown Minneapolis.

Meeting set for Friday on stadium costs

Posted by: Janet Moore Updated: November 19, 2013 - 12:48 PM

The Minnesota Sports Facilities Authority, the public body overseeing construction of the $975 million Vikings stadium, will meet Friday morning to discuss true construction costs related to the project.

This discussion over the "guaranteed maximum price" or GMP of the stadium was supposed to occur more than a week ago, but reports have surfaced about the authority and the Vikings being far apart in terms of what stays in the project, and what goes. Construction manager Mortenson Construction and architect HKS Inc. are also deeply involved in the negotiations.

The construction budget is $737 million -- and we've reported that bids have come in $20 million to $30 million higher than expected. On Friday, the public will learn more about the construction budget. Once the GMP issue is settled, a ceremonial groundbreaking will take place on Dec. 3, and the state will issue bonds to help pay for its portion of the project.

MSFA chairwoman Michele Kelm-Helgen said earlier this month that the stadium is still on track for a summer 2016 opening. That's in time for the 2016 Vikings season.

Janet Moore covers commercial real estate for the Star Tribune.

ADVERTISEMENT

Buffalo 12/28/14 12:00 PM
New England
Cleveland 12/28/14 12:00 PM
Baltimore
Dallas 12/28/14 12:00 PM
Washington
Indianapolis 12/28/14 12:00 PM
Tennessee
Jacksonville 12/28/14 12:00 PM
Houston
San Diego 12/28/14 12:00 PM
Kansas City
NY Jets 12/28/14 12:00 PM
Miami
Chicago 12/28/14 12:00 PM
Minnesota
Philadelphia 12/28/14 12:00 PM
NY Giants
New Orleans 12/28/14 12:00 PM
Tampa Bay
Carolina 12/28/14 3:25 PM
Atlanta
Detroit 12/28/14 3:25 PM
Green Bay
Oakland 12/28/14 3:25 PM
Denver
Arizona 12/28/14 3:25 PM
San Francisco
St. Louis 12/28/14 3:25 PM
Seattle
Cincinnati 12/28/14 7:30 PM
Pittsburgh
Washington 102 FINAL
New York 91
Oklahoma City 114 FINAL
San Antonio 106
Cleveland 91 FINAL
Miami 101
LA Lakers 93 FINAL
Chicago 113
Golden State 86 FINAL
LA Clippers 100
DePaul 69 FINAL
Loyola Marymount 72
Ohio 58 FINAL
Nebraska 71
Colorado 66 FINAL
Hawaii 69
George Washington 60 FINAL
Wichita State 54
Central Mich 48 FINAL
Western Ky 49
Fresno State 6 FINAL
Rice 30
Illinois 12/26/14 12:00 PM
Louisiana Tech
Rutgers 12/26/14 3:30 PM
North Carolina
NC State 12/26/14 7:00 PM
UCF
Cincinnati 12/27/14 12:00 PM
Virginia Tech
Duke 12/27/14 1:10 PM
(15) Arizona State
Miami-Florida 12/27/14 2:30 PM
So Carolina
Boston College 12/27/14 3:30 PM
Penn State
(25) Nebraska 12/27/14 7:00 PM
(24) USC
Texas A&M 12/29/14 1:00 PM
West Virginia
Oklahoma 12/29/14 4:30 PM
(18) Clemson
Arkansas 12/29/14 8:00 PM
Texas
Notre Dame 12/30/14 2:00 PM
(22) LSU
(13) Georgia 12/30/14 5:45 PM
(20) Louisville
Maryland 12/30/14 9:00 PM
Stanford
(9) Ole Miss 12/31/14 11:30 AM
(6) TCU
(21) Boise State 12/31/14 3:00 PM
(12) Arizona
(8) Miss State 12/31/14 7:00 PM
(10) Georgia Tech
(19) Auburn 1/1/15 11:00 AM
(17) Wisconsin
(7) Michigan State 1/1/15 11:30 AM
(4) Baylor
(16) Missouri 1/1/15 12:00 PM
Minnesota
(2) Florida State 1/1/15 4:00 PM
(3) Oregon
(5) Ohio State 1/1/15 7:30 PM
(1) Alabama

ADVERTISEMENT

question of the day

Poll: Do you like the Twins' offseason moves so far?

Weekly Question

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

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

ADVERTISEMENT