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

Vikings, stadium authority close to completing agreements

Posted by: Richard Meryhew Updated: October 2, 2013 - 7:45 PM

Attorneys representing the Minnesota Sports Facilities Authority and the Minnesota Vikings worked into the night Wednesday putting the finishing touches on lease and development agreements for the team's new downtown Minneapolis stadium.

The authority board, which is overseeing construction of the $975 million project, is expected to vote on the agreements at a 5 p.m. meeting Thursday at the Hubert H. Humphrey Metrodome.

The use agreement, which is expected to bind the team to the new stadium for at least the next 30 years, will detail terms of the team's lease with the authority. The development agreement will spell out the responsibilities of each side during construction, as well as outline the parameters for seat license fees -- a one-time fee charged to season ticketholders for the right to reserve a seat.

Approval of the agreements is necessary before the Vikings can firm up their financing for the project. The team is responsible for $477 million of the $975 million construction cost. The state of Minnesota and city of Minneapolis are picking up the rest.

The Vikings have said that they hope to have their financing in place by early November, in time for a ceremonial groundbreaking east of the Metrodome.

The new stadium, which will replace the Metrodome, is tentatively scheduled to open by the 2016 NFL season.

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Date/Opponent Time W L Score
2014 preseason     
Aug 8 - vs. Oakland 7 pm
Aug 16 - vs. Arizona 7:30 pm
Aug 23 - at Kansas City 7 pm
Aug 28 - at Tennessee 7 pm
2014 regular season     
Sep 7 - at St. Louis Noon
Sep 14 - vs. New England Noon
Sep 21 - at New Orleans Noon
Sep 28 - vs. Atlanta 3:25 pm
Oct 2 - at Green Bay 7:25 pm
Oct 12 - vs. Detroit Noon
Oct 19 - at. Buffalo Noon
Oct 26 - at Tampa Bay Noon
Nov 2 - vs. Washington Noon
Nov 9 - Bye
Nov 16 - at Chicago Noon
Nov. 23 - vs. Green Bay Noon
Nov. 30 - vs. Carolina Noon
Dec 7 - vs. NY Jets Noon
Dec 14 - at Detroit Noon
Dec 21 - at Miami Noon
Dec 28 - vs. Chicago Noon

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