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

Three local firms bid on Vikings stadium parking

Posted by: Richard Meryhew Updated: May 21, 2013 - 6:04 PM

Three Twin Cities companies are in the running to build a parking and skyway development that would connect to the new, $975 million Vikings stadium.

Firms submitting bids to the Minnesota Sports Facilities Authority this week were developer Ryan Cos., Minneapolis real estate owner Basant Kharbanda and local developer Vedi Associates.

The authority’s request for proposal (RFP) called for 2,000 parking spaces within one block of the stadium that would be connected by skyway or tunnel and another 500 spaces to be located within two blocks with a dedicated walkway on game days.

The RFP also said that bidders can offer the facilities “in conjunction with a separate residential, commercial or other development.”

Early last week, Ryan Cos. announced plans for building a $400 million office, housing and retail development on five blocks near the stadium that are currently owned by the Star Tribune. Ryan and city officials have said that they envision Wells Fargo & Co. as the sole occupant and owner of two, 20-story office towers that would house up to 6,000 workers on part of the site.

But the key to the deal is landing the stadium parking contract. The Ryan proposal calls for the city to issue $65 million in general obligation bonds to fund a parking ramp and a 9-acre park. Revenues from the parking would go to pay off the bonds, but Ryan has said that if it won the contract, it would assume the risk of any shortfalls over the first 10 years the ramps are operating.

“We’re not interested in making a guarantee to pay the city’s debt service on a park if we are not building and developing and managing the parking ramps,” said Rick Collins, vice president of development for Ryan Cos.

Kharbanda said last week that he would build several parking projects around the stadum on land he owns, some of which already have existing parking ramps. Officials with Vedi Associates, which has been hired by HKS, Inc., the stadium architect, to provide project design work, could not be reached for comment.

Representatives of the VIkings and the stadium authority will interview bidders next week. Michele Kelm-Helgen, the authority chairwoman, said a final decision on awarding the contract will probably be made in early June.




New England 2/1/15 5:30 PM
Minnesota 94 FINAL
Philadelphia 103
Houston 93 FINAL
Boston 87
Portland 99 FINAL
Atlanta 105
Sacramento 90 FINAL
Cleveland 101
Toronto 127 FINAL
Brooklyn 122
Dallas 93 FINAL
Miami 72
LA Clippers 103 FINAL
New Orleans 108
Golden State 100 FINAL
Utah 110
Chicago 93 FINAL
Phoenix 99
Pittsburgh 2 FINAL(OT)
New Jersey 1
St. Louis 3 FINAL(SO)
Carolina 2
Nashville 0 FINAL
Colorado 3
Buffalo 2 FINAL
Vancouver 5
Chicago 4 FINAL
Anaheim 1
Harvard 75 FINAL
Princeton 72
Quinnipiac 57 FINAL
Canisius 63
Brown 49 FINAL
Cornell 57
Siena 79 FINAL
Manhattan 87
Marist 65 FINAL
Niagara 61
Dartmouth 51 FINAL
Penn 58
Oregon 68 FINAL
Arizona State 67
Yale 63 FINAL
Columbia 59
Monmouth 60 FINAL
Fairfield 59
Western Ill 63
Oregon State 34 FINAL
Arizona 57
Kent State 55 FINAL
Buffalo 80
Canisius 75 FINAL
Monmouth 58
Butler 67 FINAL
Providence 59
Cornell 65 FINAL
Brown 52
Columbia 47 FINAL
Yale 55
Coll of Charleston 47 FINAL
Drexel 64
Penn 55 FINAL
Dartmouth 39
Elon 60 FINAL
James Madison 89
(19) Princeton 96 FINAL
Harvard 46
(9) Florida State 82 FINAL
Georgia Tech 62
Quinnipiac 87 FINAL
Siena 62
Richmond 54 FINAL
Rhode Island 50
Loyola-Chicago 58 FINAL
Southern Ill 64
Georgetown 52 FINAL
DePaul 93
Villanova 75 FINAL
Marquette 59
Wichita State 70 FINAL
Northern Iowa 51
Xavier 65 FINAL
Creighton 74
Bradley 58 FINAL
Illinois State 55
Missouri State 89 FINAL
Drake 94
Arizona 48 FINAL
Utah 62
(11) Arizona State 68 FINAL
Colorado 60
Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters



Date/Opponent Time W L Score
2014 preseason     
Aug 8 - vs. Oakland 7 pmX10-6
Aug 16 - vs. Arizona 7:30 pmX30-28
Aug 23 - at Kansas City 7 pmX30-12
Aug 28 - at Tennessee 7 pmX19-3
2014 regular season     
Sep 7 - at St. Louis NoonX34-6
Sep 14 - vs. New England NoonX30-7
Sep 21 - at New Orleans NoonX20-9
Sep 28 - vs. Atlanta 3:25 pmX41-28
Oct 2 - at Green Bay 7:25 pmX42-10
Oct 12 - vs. Detroit NoonX17-3
Oct 19 - at. Buffalo NoonX17-16
Oct 26 - at Tampa Bay NoonX19-13 ot
Nov 2 - vs. Washington NoonX29-26
Nov 9 - Bye
Nov 16 - at Chicago NoonX21-13
Nov. 23 - vs. Green Bay NoonX24-21
Nov. 30 - vs. Carolina NoonX31-13
Dec 7 - vs. NY Jets NoonX30-24 ot
Dec 14 - at Detroit 3:25 pmX16-14
Dec 21 - at Miami NoonX37-35
Dec 28 - vs. Chicago NoonX13-9




question of the day

Poll: Who will win the Super Bowl?

Weekly Question